Question: Answer the following questions based on the data from Problem 14.73. a. Calculate the slope and the y intercept for the regression equation. b. Predict

Answer the following questions based on the data from Problem 14.73.

a. Calculate the slope and the y intercept for the regression equation.

b. Predict the order size of a 32 year old customer.

c. Provide an interpretation for the value of the slope.

d. Calculate the total sum of squares.

e. Partition the total sum of squares into the SSR and SSE.

f. Verify your results using Excel.

In Problem

Order Size ($) 54 30 Order Age 41 26 Age Size (S)

Order Size ($) 54 30 Order Age 41 26 Age Size (S) 29 15 38 54 63

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