Solution-Equation of the regression line for data

Equation of the regression line for data

Reference no: EM131361527

The marketing manager of a large supermarket chain would like to determine the effect of shelf space (in feet) on the weekly sales of international food (in hundreds of dollars). A random sample of 12 equal -sized stores is selected, with the following results:

Store	Shelf Space(X)	Weekly Sales(Y)
1	10	2.0
2	10	2.6
3	10	1.8
4	15	2.3
5	15	2.8
6	15	3.0
7	20	2.7
8	20	3.1
9	20	3.2
10	25	3.0
11	25	3.3
12	25	3.5

Using the equation of the regression line for these data, predict the average weekly sales (in hundreds of dollars) of international food for stores with 13 feet of shelf space for international food.

Reference no: EM131361527

Questions Cloud

Estimate the demand model : Examine the procedure Herb will use to estimate the demand model developed in the scenario for Week 1. Analyze the elasticity of demand for products within the selected industry relevant to Katrina's Candies. Determine the factors involved in maki..

What factor you should consider when writing variance report : Write a paper of 750+ words that explains what factors you should consider when writing your variance report to your vice president in the healthcare industry.

Project management for a new business in india : The purpose of the final project is to apply the concepts and techniques learned throughout the Project Management programme and final capstone module to the analysis of a statement of work (SOW), work breakdown structure (WBS), project network diagr..

Department of homeland security website : Examine the role of statistics in homeland security research using the Department of Homeland Security's website. Search for and identify a homeland security report that utilizes a frequency distribution to create a histogram.

Equation of the regression line for data : The marketing manager of a large supermarket chain would like to determine the effect of shelf space (in feet) on the weekly sales of international food (in hundreds of dollars). A random sample of 12 equal -sized stores is selected, with the foll..

Briefly describe the history of the consolidation standards : Brief description of the history (development) of the consolidation standards (GAAP and IFRS). Brief description of the requirements of the latest consolidation standards (GAAP and IFRS).

How will georges usual ways of dealing with people : George is a 28-year-old male, currently pursuing a degree in psychology. He wants to be a counselor for people with adjustment difficulties. However, George's supervisors are suggesting he consider changing his career because he seems to lack the ..

Write a brief note on maintenance program of a motor : Write a brief note on maintenance program of a motor. Analyse the probable cause if there is Frequent coil failure in motors and suggest remedial measures

Results with the average to the entire population : Consider the population of ten digits: 0-9. Select three random samples of five digits from this list. Find the average of each sample. Compare your results with the average to the entire population. Comment on your results. Using minitab express.

User Account

All Pages

Equation of the regression line for data

Reference no: EM131361527

Reference no: EM131361527

Questions Cloud

Reviews

Write a Review

Basic Statistics Questions & Answers

Statistics-probability assignment

What is the least number

Determine the value of k

What is the probability

Binomial distributions

Caselet on mcdonald’s vs. burger king - waiting time

Generate descriptive statistics

Sampling variability and standard error

Estimate the population mean

Conduct a marketing experiment

Find out the probability

Linear programming models

Assured A++ Grade

Academics

Major Subjects

Majors

Get In Touch

TERMS & POLICIES

HELP & SUPPORT