The manager of a fast food restaurant wants to determine how sales in a given week are related to the number of discount vouchers (#) printed in the local newspaper during the week. The number of vouchers and sales ($000s) from 10 randomly selected weeks is given below with Excel regression output. Determine the standard error of the estimate and describe what this statistic sells you about the regression line.

Question

The manager of a fast food restaurant wants to determine how sales in a given week are related to the number of discount vouchers (#) printed in the local newspaper during the week. The number of vouchers and sales ($000s) from 10 randomly selected weeks is given below with Excel regression output.   Determine the standard error of the estimate and describe what this statistic sells you about the regression line.

Quizplus · Accepted Answer

The Answer of The manager of a fast food restaurant wants to determine how sales in a given week are related to the number of discount vouchers (#) printed in the local newspaper during the week. The number of vouchers and sales ($000s) from 10 randomly selected weeks is given below with Excel regression output.   Determine the standard error of the estimate and describe what this statistic sells you about the regression line.

The Manager of a Fast Food Restaurant Wants to Determine