Question: The data in the worksheet CustomerData in the Excel workbook MATH530_Exam3.xls, which is attached to this question as the hint, include the monthly sales totals

 The data in the worksheet CustomerData in the Excel workbook MATH530_Exam3.xls,

The data in the worksheet CustomerData in the Excel workbook MATH530_Exam3.xls, which is attached to this question as the hint, include the monthly sales totals from a random sample of 38 stores in a nation-wide chain of sporting goods stores. All stores in the chain are approximately the same size and carry essentially the same merchandise. Informationas described in the comments in each columnis also provided in this dataset regarding the customer base for each of the 38 stores in the sample. Use these data to answer questions 14 through 18. Assuming a linear relationship exists, formulate a simple linear regression model that estimates the relationship between monthly sales (Y) and median family income (X). 0 1' = 39.17 + 299876.81(X) O 1'? = 299876.81 + 39.17(X) O 1'? = 785476.90 + 43.96(X) 0 fr = 14.07 + 278756.44(X) D View hint for Question 14

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