Question
Regression analysis Times the people went to the supermarket in the past month and how much was the approximate expense. Person Times they went to
Regression analysis
Times the people went to the supermarket in the past month and how much was the approximate expense.
Person | Times they went to the supermarket | Approximate spending in the last month |
1 | 2 | $259 |
2 | 1 | $115 |
3 | 2 | $160 |
4 | 3 | $340 |
5 | 1 | $300 |
6 | 2 | $396 |
7 | 2 | $410 |
8 | 1 | $203 |
9 | 2 | $276 |
10 | 1 | $123 |
answer the following:
- Make the scatter plot.
- Determine the regression line with the survey data.
- Determine the Pearson correlation coefficient.
- Determine the coefficient of determination.
- Present the graph of the regression line.
- Indicate whether or not the regression line is useful
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access with AI-Powered Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started
Hospitality Financial Accounting
Authors: Jerry J. Weygandt, Donald E. Kieso, Paul D. Kimmel, Agnes L.
2nd Edition
9780470598092, 470083603, 978-0470083604
