Can someone help me figure this out
1 answer:
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Hello!
As we can see, our a value, which would be the coefficient of , which determines our slope, is negative, meaning that this whole line is negative.
Furthermore, the correlation can be determined using the r value of the linear regression, which is around -0.9.
If the r value of the linear regression is close to 1 or -1, let's say around |r| > 0.8, then we can consider the regression a strong correlation, meaning that this is a strong negative correlation, which is answer choice A.
Answer:
30.31%
Step-by-step explanation:
Mark up on selling price is given by markup*100%/selling price
In this case, markup is given as $870 while the selling price is $2870 hence the percentage of narkup to selling price will be given by
Therefore, the percentage of markup to selling price is approximately 30.31%