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    Linear Regression Analyses

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    The Skelton Manufacturing company recently did a study of its customers. A random sample of 50 customer accounts was pulled from the computer records.

    Two variables were obser4ved:

    y = Total dollar volume of business this year
    x = Miles customer is from corporate headquaters

    The following statistics were computerd:

    ŷ = 2,140.23 - 10.12x
    sb1 = 3.12

    a. Interpret the regression slope coefficient

    b. Using a significance level of 0.01, test to determine whether it is true that the farther a business from the corporate headquaters the samller is the total dollar volume of business

    © BrainMass Inc. brainmass.com June 3, 2020, 8:34 pm ad1c9bdddf
    https://brainmass.com/statistics/regression-analysis/linear-regression-analyses-143755

    Solution Summary

    The Skelton Manufacturing company recently did a study of its customers. A random sample of 50 customer accounts was pulled from the computer records.

    $2.19

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