Use the model to predict the amount of money spent by a customer who spends 11 minutes at the store.Dollars spent = (Please round your answer to the nearest whole number.) Interpret the slope of the regression line in the context of the question: The slope has no practical meaning since you cannot predict what any individual customer will spend. For every additional minute customers spend at the store, they tend to spend on averge $3.23 more money at the store. As x goes up, y goes up. Interpret the y-intercept in the context of the question: The average amount of money spent is predicted to be $4.75. The y-intercept has no practical meaning for this study. If a customer spends no time at the store, then that customer will spend $4.75. The best prediction for a customer who doesn't spend any time at the store is that the customer will spend $4.75.

Use the model to predict the amount of money spent by a customer who spends 11 minutes at the store. Dollars spent = (Please round your answer to the nearest whole number.) Interpret the slope of the...

Jun 06, 2022