A retail store manager wishes to examine the relationship between the annual revenu (RM'000) and its marketing strategy (RM'000). The summaries of the data are as follows: b) ΣΧ-4362 , ΣΧ- 225, n= 12, ΣΥ 2118025, ΣΥ= 4829 and ΣΧΥ- 9551. (i) Compute correlation coefficient and interpret the value. (ii) Form the linear regression line in the form of Ý = a + bX. (iii) Predict the revenue of the retail store when the marketing price is RM10000.
A retail store manager wishes to examine the relationship between the annual revenu (RM'000) and its marketing strategy (RM'000). The summaries of the data are as follows: b) ΣΧ-4362 , ΣΧ- 225, n= 12, ΣΥ 2118025, ΣΥ= 4829 and ΣΧΥ- 9551. (i) Compute correlation coefficient and interpret the value. (ii) Form the linear regression line in the form of Ý = a + bX. (iii) Predict the revenue of the retail store when the marketing price is RM10000.
Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter10: Statistics
Section10.4: Distributions Of Data
Problem 19PFA
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