A bakery sells cakes for $18 each and pies for $15 each. Last weekend the bakery sold 118 total items and earned $1,932. How man
2 answers:
You might be interested in
Answer:
For this case the value of r = -0.66
Now we can calculate the determination coeffcient:
And then we can conclude that 43.56% of the variation in y can be explained by the explanatory variable
And then 100-43.56 = 56.44 % of the variation in y that cannot be explained by the explanatory variable
Step-by-step explanation:
For this case we need to calculate the slope with the following formula:
Where:
And we can find the intercept using this:
And the model obtained for this case is:
The correlation coefficient is a "statistical measure that calculates the strength of the relationship between the relative movements of two variables". It's denoted by r and its always between -1 and 1.
And in order to calculate the correlation coefficient we can use this formula:
For this case the value of r = -0.66
Now we can calculate the determination coeffcient:
And then we can conclude that 43.56% of the variation in y can be explained by the explanatory variable
And then 100-43.56 = 56.44 % of the variation in y that cannot be explained by the explanatory variable