Step by Step Solutions

Solution: Camping-r-us, a newcomer to outdoor equipment field plans to market a two person, three season tent for weekend campers. To set a fair price,

Question: Camping-r-us, a newcomer to outdoor equipment field plans to market a two person, three season tent for weekend campers. To set a fair price, they look at comparable tents currently on the market, it terms of weight and square footage. The Data Follows:

Weight Sq Ft. Price
Kelty Nautilus 94 37 225
North Face Salamander 90 36 240
REI Mountain Hut 112 35 225
SD Meteor Light 92 40 220
Eureka Cirrus 3 93 48 167
Sierra DC 3 98 40 212
Eureka Timberline 114 40 217
Diamond Brand FS 108 35 200
  1. Calculate the least-squares equation to predict price from weight and Square Footage.
  2. If Camping-R-Us’ tent weighs 100 ounces and has 46 Square Feet of space, how much should they charge.

Price: $2.99
Solution: The downloadable solution consists of 2 pages
Deliverable: Word Document


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