Question: Just answer (D) and (F) please, I only have 20 minutes The marketing manager of a large supermarket chain would like to determine the effect

Just answer (D) and (F) please, I only have 20 minutes

Just answer (D) and (F) please, I only have 20 minutes The

The marketing manager of a large supermarket chain would like to determine the effect of shelf space (in feet) on the weekly sales of international food (in hundreds of dollars). A random sample of 12 equal -sized stores is selected, with the following results: Store Shelf Space X Weekly Sales Y 10 2 SEDOTOURWN 10 2.6 10 1.8 15 2.3 15 2.8 15 3 20 2.7 20 3.1 20 3.2 25 3 25 3.3 25 3.5 (A) Draw a scatter plot, of the data and comment on the relationship between shelf space and weekly sales. (B) Run a regression on this data set and report the results. (C) What are the least squares regression coefficients of the Y-intercept (a) and slope (b)? (D) Interpret the meaning of the slope b. (E) Predict the average weekly sales ( in hundreds of dollars) of international food for stores with 13 feet of shelf space for international food. (F) Why would it not be appropriate to predict the average weekly sales (in hundreds of dollars) of international food for stores with 35 feet of shelf space for international food? (G) Identify the coefficient of determination, R2 and interpret its meaning

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Mathematics Questions!