Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Weekly Cars Sold versus Number of TV Ads 0 6 8 8 8 8 Number of Cars Sold O 5 10 15 20 25 30

image text in transcribed
Weekly Cars Sold versus Number of TV Ads 0 6 8 8 8 8 Number of Cars Sold O 5 10 15 20 25 30 Number of TV ads x =14.5, y = 12.1, sx=8.71, sy=9.58, and r = 0.919 We can conclude there is linear correlation between the number of TV ads and the number of cars sold because the sample size n is and its corresponding critical value for the correlation coefficient is . Is the correlation positive or negative? Find the equation of the least-squares regression line: The slope is: Round to 2 decimal places. The y-intercept is Round to 2 decimal places. The equation of the line is: Using the equation of the line we can predict that if the number of TV ads is 12 the number of cars sold will be Round your final answer to the nearest whole number. The interpretation of the slope in the context of the problem is: The interpretation of the y-intercept in the context of the problem is: . If it is not appropriate to interpret the y-interce pt answer "Not appropriate". The percentage of variation on the number of cars sold that can be explained by the number of TV ads is %

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Applied Calculus

Authors: Stefan Waner, Steven Costenoble

7th Edition

1337514306, 9781337514309

More Books

Students also viewed these Mathematics questions

Question

Develop clear policy statements.

Answered: 1 week ago

Question

Draft a business plan.

Answered: 1 week ago

Question

Describe the guidelines for appropriate use of the direct plan.

Answered: 1 week ago