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A ski resort collects data on the number of days

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A ski resort collects data on the number of days per year where the temperature is below 32 degrees and annual profits. The standard deviation of annual profits is = 56,965. The standard deviation of days below 32 degrees is = 8.79. The correlation is .74. If we are predicting annual profits from number of days below 32 degrees, compute the regression coefficient. Using the phrase given in class (On average, ...), explain in words what this slope means. Does this regression coefficient make sense?

Reference no: EM13529501

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