Write and Interpret a Linear Regression Equation A) 95459
B)

question 22

Multiple Choice

Write and interpret a linear regression equation.
-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 data and summary
Statistics shown below, the intercept of the estimated regression line that relates the
Response variable (monthly sales) to the predictor variable (price per pound) is $$\begin{array} { | l | l | l | } \hline & \text { PRICE PER POUND } & \text { POUNDS SOLD } \\\hline & \$ 3.99 & 75 \\\hline & \$ 5.99 & 60 \\\hline & \$ 7.00 & 65 \\\hline & \$ 12.00 & 45 \\\hline & \$ 4.50 & 80 \\\hline & \$ 7.50 & 70 \\\hline & \$ 15.00 & 25 \\\hline & \$ 10.00 & 35 \\\hline & \$ 12.50 & 40 \\\hline & \$ 8.99 & 50 \\\hline & & \\\hline \text { Mean } & \$ 8.75 & 54.50 \\\hline \text { Standard Deviation } & \$ 3.63 & 18.33 \\\hline \text { Correlation } & - \mathbf { 0 . 9 2 7 } & \\\hline\end{array}$$

• A) 95.459.
• B) .858.
• C) -4.684.
• D) -.858.
• E) -8.999.

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Definitions:

Culture Shock

The feeling of disorientation experienced by someone when they are suddenly subjected to an unfamiliar culture, way of life, or set of attitudes.

Oberg

Refers to Kalervo Oberg, an anthropologist known for introducing the concept of "culture shock" and studying the adjustment processes of cross-cultural transitions.

Cultural Myths

Narratives shared within a culture that embody the values, ideals, and beliefs of that society, often serving as explanations for social norms or phenomena.

Systems Of Belief

Complex frameworks consisting of philosophical, ethical, or theological ideas that guide individuals or groups in their understanding of the world and their behavior within it.