It was hypothesized that the number of bottles of an imported premium beer sold per evening in

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It was hypothesized that the number of bottles of an imported premium beer sold per evening in the restaurants of a city depends linearly on the average costs of meals in the restaurants. The following results were obtained for a sample of n = 17 restaurants of approximately equal size where
y = number of bottles sold per evening
x = average cost, in dollars, of a meal
It was hypothesized that the number of bottles of an

a. Find the sample regression line.
b. Interpret the slope of the sample regression line.
c. Is it possible to provide a meaningful interpretation of the constant in the sample regression at the end with equation? Explain.

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Statistics For Business And Economics

ISBN: 9780132745659

8th Edition

Authors: Paul Newbold, William Carlson, Betty Thorne

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