Online clothes II. For the online clothing retailer
Chapter 8, Problem 36(choose chapter or problem)
Online clothes II. For the online clothing retailer dis-cussed in the previous problem, the scatterplot of TotalYearly Purchases by Income shows a) What is the linear regression equation for predictingTotal Yearly Purchase from Income?b) Do the assumptions and conditions for regressionappear to be met? c) What is the predicted average Total Yearly Purchase forsomeone with a yearly Income of $20,000? For some-one with an annual Income of $80,000?d) What percent of the variability in Total Yearly Purchasesis accounted for by this model?e) Do you think the regression might be a useful one forthe company? Comment.
Unfortunately, we don't have that question answered yet. But you can get it answered in just 5 hours by Logging in or Becoming a subscriber.
Becoming a subscriber
Or look for another answer