A retailer recorded the weekly sales for a particular product (dependent variable) and its unit price (independent varia
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A retailer recorded the weekly sales for a particular product (dependent variable) and its unit price (independent varia
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A retailer recorded the weekly sales for a particular product (dependent variable) and its unit price (independent variable) in that week. According to the information, answer the following four questions. Observation Unit Price Sales 1 0.47 93 2 0.59 88 3 0.16 97 4 0.56 89 5 0.81 84 6 0.5 90 7 0.38 94 00 0.58 90 9 0.51 90 10 0.38 93
Calculate the leverage of observation 5. Keep 3 decimals.
Determine the value of the intercept bo. Keep 2 decimals. For negative result, type negative value.
Determine the Correlation coefficient between the two variables. Keep 3 decimals. For negative result, type negative value.
Use the formula in the slides to determine the standardized residual for observation 9. Keep 3 decimals. For negative result, type negative value.