Mathematics, 21.10.2020 16:01 guadalupemarlene2001
To determine whether price has an impact on sales of specialty coffees, the managers kept track of how many pounds of each variety of coffee were sold last month.
PRICE PER POUND POUNDS SOLD
Mean $8.75 4.50 lb
Standard Deviation $3.63 18.33 lb
Correlation r -.927
a. The response variable is and the explanatory variable is
b. Based on the statistics shown above, the slope of the estimated regression line that relates the response variable to the predictor variable is:
i. 0.846.
ii. -4.681
ii. -0.858.
iv. 45.459
v. -8.999.
Answers: 1
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