Question6 Data was c Adjusted R Square -0.03223 Standard Error 242.9305 1 47.638

Question

Question6 Data was c Adjusted R Square -0.03223 Standard Error 242.9305 1 47.63801 47.63801 31 1829472 59015.22 32 1829520 7216 0.977516041 of brands A significant linear relationship exists between # of brands stocked and average chocolate sales. For every 1 additional brand stocked, total sales increases by $0.40. e of brands stocked by a supermarket does not significantly predict chocolate sales, on average. stocked, total sales increases by $611 e of brands stocked by a supermarket DOES significantly predict chocolate sales, on average. However, there is no practical significance as it only raises it by $0.40 Save and Submit

Explanation / Answer

Since coefficient of determination R2 = 0.00002

and for testing the significance of number of brands, we get p-value = 0.977 > 0.05 (level of significance),

So we can conclude that number of brands is not a significant predictor.

ans-> # of brands stocked by a supermarket does not significantly predict chocolate sales, on average.

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