Answer:
Kindly check explanation
Step-by-step explanation:
Given the data:
Num shopping centers (X) :
630
370
616
700
430
558
1200
2976
Sales (Y) :
15.5
7.5
13.9
18.7
8.2
13.2
23.0
87.3
The regression equation obtained using the online regression calculator is :
y = 0.03025X - 4.87014
2.) The slope value, for every unit change in number of shopping centers, the number of sales increases by 0.03025
3.)
The Coefficient of determination (R²) as obtained by the R² value calculator is : 0.9823
4.)
About 98% of variation in number of sales is explained by the regression line
5.)
Correlation Coefficient = 0.9911
H0 : p ≥ 0.99
H1 : p < 0.99
