The marketing manager of a supermarket chain is trying to see if shelf space can predict sales for breakfast cereal. A random sample of 12 equal-sized stores is selected with the following results....


The marketing manager of a supermarket chain is trying to see if shelf space can predict sales for breakfast cereal. A random sample of 12 equal-sized stores is selected with the following results.


(a) Construct a scatter plot.


(b) Determine the coefficient of determination, R2
, and interpret its meaning.


(c) How useful do you think this regression model is for predicting sales?

Nov 21, 2021
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