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Is there a relationship between Quantity Sold (Output) and Price and Advertising (Input)? Can we predict Quantity Sold if we know Price and Advertising? Quantity Sold Price Advertising Show the scatter plots 8500 2. 2800 Create the descriptive statistics table Complete the regression Enter the R Squared 4700 200 5800 400 7400 500 What does this mean Is this statisically signifant? How do you know? Write the forumla for the line - (use the coefficients) Graph the residuals - what does that tell you? 6200 3200 7300 1800 5600 4. 900 6500 600 6300 4 750 5800 5. 1200 5500 1900 6800 3100 5500 4 700 4800 800 3500 2200 7200 4 500 8200 3 2500

Is there a relationship between Quantity Sold (Output) and Price and Advertising (Input)? Can we predict Quantity Sold if we know Price and Advertising? Quantity Sold Price Advertising Show the scatter plots 8500 2. 2800 Create the descriptive statistics table Complete the regression Enter the R Squared 4700 200 5800 400 7400 500 What does this mean Is this statisically signifant? How do you know? Write the forumla for the line - (use the coefficients) Graph the residuals - what does that tell you? 6200 3200 7300 1800 5600 4. 900 6500 600 6300 4 750 5800 5. 1200 5500 1900 6800 3100 5500 4 700 4800 800 3500 2200 7200 4 500 8200 3 2500

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter4: Equations Of Linear Functions
Section4.5: Correlation And Causation
Problem 24PFA
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6. 91 4. 2. %24 Default (Ca. BISA . E -E-1-H- 100% % .0 .00 123- 11 fx A24 A B. E H. J K L Is there a relationship between Quantity Sold (Output) and Price and Advertising (Input)? Can we predict Quantity Sold if we know Price and Advertising? 2. 3. Quantity Sold Price Advertising Show the scatter plots 8500 2 2800 Create the descriptive statistics table 4700 Complete the regression Enter the R Squared 200 5800 3 400 8. 7400 500 What does this mean Is this statisically signifant? How do Write the forumla for the line (use the coefficients) Graph the residuals - what does that tell you? 6200 5. 3200 you know? 10 7300 3 1800 11 5600 4. 900 12 6500 600 13 6300 4. 750 14 5800 5 1200 15 5500 5. 1900 16 6800 3100 17 5500 700 18 4800 800 19 3500 2200 20 7200 500 21 8200 2500 22 23
Transcribed Image Text:6. 91 4. 2. %24 Default (Ca. BISA . E -E-1-H- 100% % .0 .00 123- 11 fx A24 A B. E H. J K L Is there a relationship between Quantity Sold (Output) and Price and Advertising (Input)? Can we predict Quantity Sold if we know Price and Advertising? 2. 3. Quantity Sold Price Advertising Show the scatter plots 8500 2 2800 Create the descriptive statistics table 4700 Complete the regression Enter the R Squared 200 5800 3 400 8. 7400 500 What does this mean Is this statisically signifant? How do Write the forumla for the line (use the coefficients) Graph the residuals - what does that tell you? 6200 5. 3200 you know? 10 7300 3 1800 11 5600 4. 900 12 6500 600 13 6300 4. 750 14 5800 5 1200 15 5500 5. 1900 16 6800 3100 17 5500 700 18 4800 800 19 3500 2200 20 7200 500 21 8200 2500 22 23
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