Advertisement ($'000)   Sales ($'000) 1068    4489 1026    5611 767      3290 885      4113 1156    4883 1146    5425 892      4414 938      5506 769      3346 677      3673 1184    6542 1009    5088   What is the slope? What does the slope tell us?Is the slope significant? What is the intercept? Is it meaningful? What is the value of the regression coefficient,r? What is the value of the coefficient of determination, r^2? What does r^2 tell us?

College Algebra
7th Edition
ISBN:9781305115545
Author:James Stewart, Lothar Redlin, Saleem Watson
Publisher:James Stewart, Lothar Redlin, Saleem Watson
Chapter1: Equations And Graphs
Section1.3: Lines
Problem 95E
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885      4113

1156    4883

1146    5425

892      4414

938      5506

769      3346

677      3673

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What is the slope? What does the slope tell us?Is the slope significant?

  • What is the intercept? Is it meaningful?
  • What is the value of the regression coefficient,r? What is the value of the coefficient of determination, r^2? What does r^2 tell us?

 

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