(All Steps) The "K" Company has a chain of 12 stores in a Southeast. Sales figures and profits for the stores are given in the following table. Obtain a
Question: The "K" Company has a chain of 12 stores in a Southeast. Sales figures and profits for the stores are given in the following table. Obtain a regression line for the data and predict profit for a store assuming sales of $20 million.
X Y
Sales Profits
$9 $.20
8 .19
7 .15
8 .17
15 .20
14 .18
17 .21
20 .25
22 .28
23 .31
19 .23
15 .20
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