Alan Nip, market analyst for Clear Sound Mart, is analyzing the relation between heavy metal CD sales and the size of the teenage population.He gathers data from six sales districts.Alan's dependent variable is annual heavy metal CD sales (in $1,000,000's), and his independent variable is teenage population (in 1,000's).Regression analysis of the data yielded the following tables: Alan's regression model can be written as: ___.
A)y = 7.950352 - 0.48455x
B)y = -0.48455 + 7.950352x
C)y = -0.14156 + 0.105195x
D)y = 0.105195 - 0.14156x
E)y = 0.105195 + 0.14156x

Question

Alan Nip, market analyst for Clear Sound Mart, is analyzing the relation between heavy metal CD sales and the size of the teenage population.He gathers data from six sales districts.Alan's dependent variable is annual heavy metal CD sales (in $1,000,000's), and his independent variable is teenage population (in 1,000's).Regression analysis of the data yielded the following tables:   Alan's regression model can be written as: ___.
A)y = 7.950352 - 0.48455x 
B)y = -0.48455 + 7.950352x 
C)y = -0.14156 + 0.105195x 
D)y = 0.105195 - 0.14156x 
E)y = 0.105195 + 0.14156x

Quizplus · Accepted Answer

The Answer of Alan Nip, market analyst for Clear Sound Mart, is analyzing the relation between heavy metal CD sales and the size of the teenage population.He gathers data from six sales districts.Alan's dependent variable is annual heavy metal CD sales (in $1,000,000's), and his independent variable is teenage population (in 1,000's).Regression analysis of the data yielded the following tables:   Alan's regression model can be written as: ___.
A)y = 7.950352 - 0.48455x 
B)y = -0.48455 + 7.950352x 
C)y = -0.14156 + 0.105195x 
D)y = 0.105195 - 0.14156x 
E)y = 0.105195 + 0.14156x

Alan Nip, Market Analyst for Clear Sound Mart, Is Analyzing