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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 4151 4937 4424 3247 4644 4250 4755 5146 49
If each additional dollar of profit earned in 2019, how much additional profit would one expect for 2020? write answer to two decimal places
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
Is the profit in 2019 a significant predictor of the profit in 2020? (yes or no)
What is the p-value for testing the significance of the 2019 as a predictor?
Approximately 85% of the 2020 is the profit for 2019? (true or false)
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