In a study examining the relationship between advertising ex…

In a study examining the relationship between advertising expenditure (in thousands of dollars) and sales revenue (in thousands of dollars), the regression equation is yhat = 50+2.5x. The researchers want to predict sales revenue based on advertising expenditure.  Interpret the slope.

A sample of seven states was selected. Information about the…

A sample of seven states was selected. Information about the cost of living indexes for groceries and housing is listed. They want to predict the grocery index based on the housing index. Find the correlation coefficient. Round to two decimal places and include the negative sign if appropriate.   State Grocery Housing West Virginia  98.9 60.2 Oklahoma  94.6 68.6 Kansas  94.9 73.9 Iowa  96 74.8 Indiana  97.4 76.2 Tennessee  96.6 83.7 Michigan  98.3 72.5