\f3:05 7 Ross Sales Shelf Space Example . . . fx V D E H K M N O P Q R - You hired as a consultant by Ross to advise on the possible new location on the north shore. You're told Ross needs to make at least $500,000 at a location that is designed to hold 45,000 square feet of shelf space. You've compiled a random sample of data from current Ross locations with similar size and demographics. Develop a regression model to predict sales, based on shelf space (sq ft). CO -OUT AWN a. Construct and HO and H1 at the 0.05 level of significance. Is there correlation? b. Run PhStat and Construct a scatter plot c. Identify the SLR equation line and interpret the Y intercept, b0 and b1 9 d. Predict mean sales at 45,000 sq. feet. 10 e. Check your assumptions of L, I, N, and E. 11 f. What is your recommendation to the Client (Ross) with regard to this possible location on Oahu? 12 13