EBK BUSINESS STATISTICS
EBK BUSINESS STATISTICS
7th Edition
ISBN: 8220102743984
Author: STEPHAN
Publisher: PEARSON
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After interviewing salespersons at Harley Davidson dealerships, a researcher has created a linear regression line to explain the relationship between a Harley Davidson motorcycle's age (x) and price (y). The regression has an  = 87.7%. Write a sentence summarizing what  says about this regression.         The age of the motorcycle explains 12.3% of the variation in price.   The age of the motorcycle explains 9.36% of the variation in price.   The age of the motorcycle explains 87.7% of the variation in price.   The price of the motorcycle explains 12.3% of the variation in age.   The price of the motorcycle explains 87.7% of the variation in age.
Calculate two lines of regression and calculate a linear regression equation to model the data given below:  years  (1980,1985,1990,1995,2000) Enrolment ( 21,25,29,39,47)
A marketing consultant created a linear regression model to predict the number of units sold by a client based on the amount of money spent on marketing by the client. Which of the following is the best graphic to use to evaluate the appropriateness of the model?
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Correlation Vs Regression: Difference Between them with definition & Comparison Chart; Author: Key Differences;https://www.youtube.com/watch?v=Ou2QGSJVd0U;License: Standard YouTube License, CC-BY
Correlation and Regression: Concepts with Illustrative examples; Author: LEARN & APPLY : Lean and Six Sigma;https://www.youtube.com/watch?v=xTpHD5WLuoA;License: Standard YouTube License, CC-BY