# Order Size and Shipping Cost (n = 12) (a) Use Excel to make a scatter plot of

## Question:

(a) Use Excel to make a scatter plot of the data.

(b) Select the data points, right-click, select Add Trendline, select the Options tab, and choose Display equation on chart and Display R-squared value on chart.

(c) Interpret the fitted slope.

(d) Is the intercept meaningful? Explain.

(e) Interpret the R2.

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**Related Book For**

## Applied Statistics In Business And Economics

**ISBN:** 9780073521480

4th Edition

**Authors:** David Doane, Lori Seward