Question 3, please make sure it's correct!

Question 3) (9 points) Suppose you are interested in studying the relationship between the number of visitors a museum gets and the revenue of their gift shop. You take a sample of 27 different days and record the number of visitors and the revenue of the gift shop in dollars. Also suppose on the 27 days you sampled, the number of visitors ranged from 100 people to ()'00 people. You get the following regression line: y) = 5.2x 412, where g) is the revenue in dollars and a: is the number of visitors. We also get that r a.\" .59. (a) Give the value of the slope of this regression line. Interpret this value in the context of the situation. (b) Is there enough evidence for a correlation? Why or why not? (C) What does our model predict the revenue will be on a day where the museum gets 1000 visitors? Would you trust this prediction? Why or why not? ((1) Suppose that the rst day we visited the musemn it had 220 visitors and made a revenue of 820 dollars. Calculate the residual for this data point. Make sure to include units. (e) According to our model how many visitors does the museum need to get for the gift shop to make 2000 dollars in revenue? Extra Credit Question 2) (1 point) Look back at Question 3. Suppose there was a day where the gift shop had not received one of its stock shipments and lots of its merchandise was out of stock. Would we expect that day to have a positive or negative residual? Why