Multiple Choice
A small business tracks how advertising spending relates to weekly sales.
Plot Advertising Spending (x) vs Sales (y) & find the regression line & correlation coefficient.
A small business tracks how advertising spending relates to weekly sales.
Plot Advertising Spending (x) vs Sales (y) & find the regression line & correlation coefficient.
A small business tracks how advertising spending relates to weekly sales.
Predict what the business would make in weekly sales if they spent \$400 in advertising.
A small business tracks how advertising spending relates to weekly sales.
Create a prediction interval for the value in part .
A small business tracks how advertising spending relates to weekly sales.
Are the actual sales numbers for weeks with \$400 ad-spending within the interval?