Casino Size and revenue. Determine the best predicted amount of revenue (in millions of dollars) given that the Trump Plaza casino has a size of 87 thousand ft2 (squared).
a) Create a scatterplot that includes the linear regression equation.
b) Calculate and interpret the sample correlation coefficient.
c) Using a .05 level of significance, test whether the population correlation coefficient differs from zero.
d) Regardless of the result of the test in part c, find and state the regression equation.
e) Use the regression equation to predict the revenue of a casino that has 87 thousand square feet.
Data set:
Overhead width- 7.2, 7.4, 9.8, 9.4, 8.8, 8.4
Weight- 116, 154, 245, 202, 200, 191