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Describe the relationship between the two variables

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Reference no: EM133144520

Consider the following scatter plot which shows the relationship between weekly customers and costs

 

Coefficients

Standard Error

P-value

95% confidence interval

Intercept

24,600

Not required

Not required

Not required

costs

18

2

1.8e-08

Between 14 and 22

a) Describe the relationship between the two variables 

b) Explain why there is strong evidence of a relationship between the variables

c) Interpret the coefficient of determination R2

Reference no: EM133144520

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