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What is the p-value for testing significance of 2019

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Reference no: EM132976354

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

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)

Reference no: EM132976354

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