Consider the following to answer the question(s) below:
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 kilograms of each variety of coffee were sold last month. The data, scatterplot and summary statistics are shown below.

-The intercept of the estimated regression line that relates the response variable (Kilograms Sold) to the predictor variable (Price per Kilogram) is
A) 95.47.
B) 0.858.
C) -4.684.
D) -0.858.
E) -8.999.

Question

Consider the following to answer the question(s) below:
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 kilograms of each variety of coffee were sold last month. The data, scatterplot and summary statistics are shown below.
  
-The intercept of the estimated regression line that relates the response variable (Kilograms Sold) to the predictor variable (Price per Kilogram) is
A) 95.47. 
B) 0.858. 
C) -4.684. 
D) -0.858. 
E) -8.999.

Quizplus · Accepted Answer

The Answer is A

Consider the Following to Answer the Question(s) Below