Question
The following table depicts a study of the relationship between the number of contacts made and the sales. Number of sales ($ Contacts (X) thousands)
The following table depicts a study of the relationship between the number of contacts made and the sales.
Number of sales ($
Contacts (X) thousands) (Y)
1224
1526
2330
2128
3675
46110
4390
3992
1315
2431
Interpret the regression equation
When x is increased by 1, Y will increase/decrease by 24.76 When x=0, The line will cross the y-axis at y= -2.43
When Y is increased by 1, X will increase/decrease by 24.76 When Y=0, The line will cross the x-axis at x= -2.43
When X is increased by 1, Y will increase/decrease by 24.76 When X=0, The line will cross the x-axis at Y= -2.43
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored 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