# A division of a multinational retail company prepared a presentation to give at the home office in

## Question:

(a) Interpret the slope and intercept in the fitted line.

(b) To present the model in Europe, the plot must be shown with sales denominated in euros rather than dollars 1use the exchange rate $1 = €0.822 and size given in square meters rather than square feet (1 square foot = 0.093 square meter). Find the slope and intercept in these new units.

(c) Would the r2 summary attached to the regression model change along with the slope and intercept when the data are changed into euros and meters?

(d) Would se change with the new scales? Exchange Rate

The value of one currency for the purpose of conversion to another. Exchange Rate means on any day, for purposes of determining the Dollar Equivalent of any currency other than Dollars, the rate at which such currency may be exchanged into Dollars...

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**Related Book For**

## Statistics For Business Decision Making And Analysis

**ISBN:** 9780321890269

2nd Edition

**Authors:** Robert Stine, Dean Foster