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