[Solved] A company has recorded data on the weekly sales for its product (y) and the unit price of the competitor's product (x). The data resulting
Question: A company has recorded data on the weekly sales for its product ( y ) and the unit price of the competitor's product ( x ). The data resulting from a random sample of 7 weeks follows. Develop a scatter diagram and to compute the least squares estimated regression equation and the coefficient of determination.
| Week | Price | Sales | |
| 1 | .33 | 20 | |
| 2 | .25 | 14 | |
| 3 | .44 | 22 | |
| 4 | .40 | 21 | |
| 5 | .35 | 16 | |
| 6 | .39 | 19 | |
| 7 | .29 | 15 |
ANSWER: pts 10
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