A lawn care company tried to predict the demand for its service by zip code, using the
Question:
a. Obtain the correlation between the two variables. What does its sign mean?
b. Obtain a prediction equation with sales as the dependent variable and density as the independent variable. Interpret the intercept (yes, we know the interpretation will be a bit strange) and the slope numbers.
c. Obtain a value for the residual standard deviation. What does this number indicate about the accuracy of prediction?
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Related Book For
An Introduction To Statistical Methods And Data Analysis
ISBN: 9781305465527
7th Edition
Authors: R. Lyman Ott, Micheal T. Longnecker
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