Compute r-squared and state interpretation of this statistic

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Reference no: EM131430476

Refer to the Beer and Hot Wings Case Study in Section 1.8.

(a) Create a scatter plot of beer consumed against hot wings eaten and find the correlation between these two variables.

(b) Find the equation of the least-squares regression line (take hot wings as the independent variable) and give a sentence interpreting the slope.

(c) Compute R-squared and state the interpretation of this statistic.

Reference no: EM131430476

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