The regression equation is Trailers = - 166 + 0.577 Boats
Predictor Coef SE Coef T P
Constant -165.67 52.15 -3.18 0.034
Boats 0.57711 0.08686 6.64 0.003
What would be the estimated number of trailers purchased if 500 boats were purchased?
A standardized regression coefficient removes the original unit of measurement for variables in a regression equation. These coefficients are standardized and converted to a scale
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