Please see the following problem A division of a multinational retail company pr

Question

Please see the following problem

A division of a multinational retail company prepared a presentation to give at the home office in Paris, France. The presentation includes a scatterplot that shows the relationship between square footage and annual sales in retail outlets owned by the chain. The units in the plot show the size in thousands of square feet and the response in thousands of dollars. A fitted line in the plot is y 55+617x. Complete parts a through d below. (a) Interpret the slope and intercept in the fitted line. What is the correct interpretation of the intercept? Select the correct choice below and fill in the answer box(es) to complete your choice. A. thousand dollars per square foot. For every one square foot increase, average annual The intercept is sales increase by O B. The intercept of ° C. The intercept of OD. The intercept is S thousand dollars thousand dollars is likely an extrapolation and not directly interpretable thousand dollars is the cost of a room with 0 square feet. per square foot. For every one square foot increase, average annual sales increase by

Explanation / Answer

In this question, the intercept is 55 thousand dollars and the slope is 617, this means that for every one square foot increase , average annual sales increase by $617. hence option A is correct

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