The price (in dollars) is given for some foods at Target and at Whole Foods. Assume the
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The price (in dollars) is given for some foods at Target and at Whole Foods. Assume the price at Target is the predictor. (Source: StatCrunch: organic food price comparison fall 2011. Owner: kerrypaulson)
a. Make a graph and report whether the trend is linear. If the trend is not linear, comment on what it shows, and do not go on to subsequent parts.
b. If the graph is linear, find the equation of the best-fit line, and put the line into the graph.
c. Interpret the slope in context.
d. Either interpret the intercept or explain why it is not appropriate to do so.
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Related Book For
Introductory Statistics Exploring The World Through Data
ISBN: 9780321978271
2nd Edition
Authors: Robert Gould, Colleen Ryan
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