# Question: The regression equation NetIncome 2 277 0307 Revenue was

The regression equation NetIncome = 2,277 + .0307 Revenue was estimated from a sample of 100 leading world companies (variables are in millions of dollars).

(a) Interpret the slope.

(b) Is the intercept meaningful? Explain.

(c) Make a prediction of NetIncome when Revenue = 20,000.

(a) Interpret the slope.

(b) Is the intercept meaningful? Explain.

(c) Make a prediction of NetIncome when Revenue = 20,000.

**View Solution:**## Answer to relevant Questions

The regression equation HomePrice = 51.3 + 2.61 Income was estimated from a sample of 34 cities in the eastern United States. Both variables are in thousands of dollars. HomePrice is the median selling price of homes in the ...College Students Weekly Earning in Dollars (n = 5) (a) Make an Excel worksheet to calculate SSxx, SSyy, and SSxy (the same worksheet you used in exercises 12.2 and 12.3). (b) Use the formulas to calculate the slope and ...Phone Hold Time for Concert Tickets in Seconds (a) Perform a regression using MegaStat or Excel. (b) State the null and alternative hypotheses for a two-tailed test for a zero slope. (c) Report the p-value and the 95 percent ...Order Size and Shipping Cost (n = 12) (a) Use Excel's Data Analysis > Regression (or MegaStat or MINITAB) to obtain regression estimates. (b) Interpret the 95 percent confidence interval for the slope. Does it contain ...Moviegoer Snack Spending (n = 10) (a) Make a scatter plot of the data. What does it suggest about the correlation between X and Y? (b) Use Excel, MegaStat, or MINITAB to calculate the correlation coefficient. (c) Use Excel ...Post your question