[Steps Shown] Here are the equations for two regression lines: Profit = -1000 + 0.25 (sales) Profit = 2000 + 2.0 (advertising budget) Can you tell from the
Question: Here are the equations for two regression lines:
Profit = -1000 + 0.25 (sales)
Profit = 2000 + 2.0 (advertising budget)
Can you tell from the regression lines if the correlation coefficient is larger for profit and sales or for advertising budget and sales? Why or why not?
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