Summarize the ft of this simple regression. Does this regression meet the conditions for the simple regression model?,(f) What’s your conclusion about the relationship between the gross profit at Lowe’s and the level of lending for real estate?
April 16, 2018
Bottled water is big business in the United States, and around the world too. Listed here are annual numbers indicating just how big the U.S. bottled water market is (volume is in gallons and producer revenues are in U.S. dollars). ,a. Inspect the data in the chart and explain how the numbers show steady and big growth annually.,b. Construct a scatter diagram using gallons, x, and dollars, y.,c. Does the scatter diagram show the same steady growth you discussed in part a? Explain any differences.,d. Find the equation for the line of best fit.,e. What does the slope found in part d represent?
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