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The marketing manager of a large supermarket chain would like to use shelf space to predict...

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Question

Statistics

The marketing manager of a large supermarket chain would like touse shelf space to predict the sales of pet food. A random sampleof 12 equal-sized stores is selected, with the followingresults.

Shelf Space

Sales

Aisle Location

5

160

0

5

220

1

5

140

0

10

190

0

10

240

0

10

260

1

15

230

0

15

270

0

15

280

1

20

260

0

20

290

0

20

310

1

A. Construct a scatter plot for these data, b0 = 145and b1 = 7.4.

B. Interpret the meaning of the slope, b1, in thisproblem.

C. Predict the mean weekly sales (in hundreds of dollars) of petfood for stores with 8 feet of shelf space for pet food.

D. What does the coefficient of determination indicate about theindependent variable?

Answer & Explanation Solved by verified expert
4.0 Ratings (817 Votes)
InterpretationThe scatter plot of the    See Answer
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