Take another look at the regression analysis of Sales and Population in Exercise 35. a) Estimate the
Question:
Take another look at the regression analysis of Sales and Population in Exercise 35.
a) Estimate the Sales of a store located in a town with a population of 80,000.
b) Interpret the meaning of the slope of the regression line in this context.
c) What does the intercept mean? Does this make sense?
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a Assuming population is in thousands and Sales are in millions of dollars in the regression Pr...View the full answer
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Related Book For 
Business Statistics
ISBN: 9780133899122
3rd Canadian Edition
Authors: Norean D. Sharpe, Richard D. De Veaux, Paul F. Velleman, David Wright
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