The accompanying data show the U.S. population versus shipments of socks. a. Determine the least-squares regression line

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The accompanying data show the U.S. population versus shipments of socks.

x = U.S. Population y = Shipments of Socks Year 2927.2 million pairs 260.7 million 1994 266.1 3002.4 1995 3217.3 1996 26

a. Determine the least-squares regression line and calculate r.
b. What proportion of the variability in sock shipments is explained by the regression equation?
c. During a year when the U.S. population is 280 million, estimate shipments for socks.

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Introduction To Business Statistics

ISBN: 9780324381436

6th Edition

Authors: Ronald M. Weiers

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Question Posted: Jun 09, 2018 05:09 AM

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The accompanying data show the U.S. population versus shipments of socks. a. Determine the least-squares regression line

Question:

x = U.S. Population y = Shipments of Socks Year 2927.2 million pairs 260.7 million 1994 266.1 3002.4 1995 3217.3 1996 268.7 1997 271.3 3410.5 1998 272.9 3419.2

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Use of the formulas and pocket calculator will be facilitated by the following summary of preliminar...View the full answer

Introduction To Business Statistics

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