Regression Analysis Assignment | Homework For You

Jorge Jones, a recent management graduate has a new job as shelf stocker at the local Shop and Stop (bad job market). In order to maintain some of the knowledge he gained in college, Jorge wants to apply regression analysis to predict weekly sales on the cereal aisle. He believes there would be a relationship between the shelf space that a particular product takes up and the sales of that product. Jorge has gathered the following data:

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Shelf Space Weekly Sales

5 160

16 230

7 220

15 270

6 140

17 280

10 190

21 260

11 240

25 350

14 260

22 310

8 200

17 275

a. Which variable is the dependent/response variable?

b. Which is the independent/explanatory variable? Enter the data into your Excel file

c. Develop a scatterplot for these data. Interpret the scatterplot.

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