question archive a) Consider the following linear model: ? = a + 2
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a) Consider the following linear model: ? = a + 2.3x
This linear model forecasts total book sales (in 1,000s) given the total amount of pre-order sales (in $1000) identifies by variable x. Calculate the value of the intercept (y-intercept) given that if the amount of pre-order sales is $500 then the predicted sales volume is ? = 9400 unites. (only round final answer to 1 decimal place)
b) Assuming y is the dependent variable and x is the independent variable in a linear relationship, find the R2 of the relationship if b1 = -0.8, sy = 3.4, and sx = 1.3 (round intermediate numbers to 4 decimal places and final answer to 2 decimal places)
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