Create a scatter diagram, Create a scatter diagram of Y =

Create a scatter diagram

Reference no: EM132608568

Question 1: Create a scatter diagram of Y = ‘Annual % ROI' against X = ‘Cost'. Include the trendline and the coefficient of determination right on the graph.

Question 2: Calculate the estimated ‘Annual % ROI' when the ‘Cost' (X) is $160,000. Show your work.

Question 3: Conduct a full hypothesis test: You will be in charge. Set your own logical significance level. State it. Claim: There is a relationship between cost and Annual %ROI. The hypotheses are given but you must also state them. Make sure all the steps of hypothesis testing are present.

H0: β1 = 0

Ha: β1 ≠ 0

Reference no: EM132608568

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