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    Interpret the Slope - Regression

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    The regression equation NetIncome = 2,277 + .0307 Revenue was fitted from a sample of 100
    leading world companies (variables are in millions of dollars).

    (a) Interpret the slope.

    (b) Is the intercept meaningful? Explain.

    (c) Make a prediction of NetIncome when Revenue = 1,000. (Data are
    from www.forbes.com and Forbes 172, no. 2 [July 21, 2003], pp. 108-110.) Global100

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    Solution Summary

    The solution interprets the slope in a regression model. The intercept is also analyzed.