Solution-How much additional profit would one expect

How much additional profit would one expect

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Jorge would like to predict the profit for 2020 based on the 2019 profit of nine stores he manages. The data are provided below (in $10000)

2020 2019
43 41
51 49
37 44
24 32
47 46
44 42
50 47
55 51
46 49

Problem 1: If each additional dollar of profit earned in 2019, how much additional profit would one expect for 2020? write answer to two decimal places

Problem 2: If a store had a profit of $500,000 (so profit value of 2019 is 50), what would you expect the profit to be for 2020? write answer to nearest dollar--do not include commas or dollar signs

Problem 3: Is the profit in 2019 a significant predictor of the profit in 2020? (yes or no)

Problem 4: What is the p-value for testing the significance of the 2019 as a predictor?

Problem 5: Approximately 85% of the 2020 is the profit for 2019? (true or false)

Reference no: EM132955453

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How much additional profit would one expect

Reference no: EM132955453

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