A small independent organic food store offers a variety of specialty coffees.To determine whether price has an impact on sales, the managers kept track of how many pounds of each variety of coffee were sold last month.
Based on the data and summary statistics shown below, the slope of the estimated regression line that relates the response variable (monthly sales) to the predictor variable (price per pound) is ________________________ .
A) 95.459
B) .858
C) -4.681
D) -.858
E) -8.999
Correct Answer:
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Q2: Suppose the correlation, r, between two variables
Q10: Suppose the correlation, r, between two variables
Q11: For the following scatterplot, Q12: A study examined consumption levels of oil Q12: Data were collected on monthly sales revenues Q13: A small independent organic food store offers Q15: A small independent organic food store offers Q17: The scatterplot shows monthly sales figures (in Q18: The scatterplot shows monthly sales figures (in Q21: The disadvantage of re-expressing variables is that
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