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How to compute the coefficient

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Reference no: EM132561333

The following data were collected for the most recent twelve-month period by the marketing department of Chaffey Company.

Month Shipping                      Exp. (DV)                    Sales Revenue (IV)

January                                    $360                     $26,000

February                                     400                      30,000

March                                         400                         29,000

April                                            380                        28,000

May                                              370                      28,000

June                                              350                       25,000

July                                               390                         30,000

August                                              410                       33,000

September                                            450                     35,000

October                                               420                       32,000

November                                              430                     34,000

December                                                440                    30,000

Required:

Question 1: How to Compute the coefficient, r, and the coefficient of determination, r2, for shipping expense and sales revenue.

Reference no: EM132561333

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