Business Statistics – 240 / 100% Correct Answers

Business Statistics – 240 / 100% COORECT Answers A small independent organic food store offers a variety of specialty coffees. To determine whether price has an impact on sales, the managers kept track of how many pounds of each variety of coffee were sold last month. Based on the scatterplot shown below, which of the following statements is TRUE? - D : All of the above A supermarket chain gathers data on the amount they spend on promotional material (e.g., coupons, etc.) and sales revenue generated each quarter. The predictor variable is _______. - A : Amount spent on promotional material A small independent organic food store offers a variety of specialty coffees. To determine whether price has an impact on sales, the managers kept track of how many pounds of each variety of coffee were sold last month. Based on the scatterplot, the linear relationship between number of pounds of coffee sold per week and price is _______. - E : Strong and negative The scatterplot shows monthly sales figures (in units) and number of months of experience for a sample of salespeople.