Step by Step Solutions

(See Solution) George Jones, president of George Jones Enterprises, believes that there is a relationship between the number of radio stations playing his music

Question: George Jones, president of George Jones Enterprises, believes that there is a relationship between the number of radio stations playing his music and the dollar amount of sales. To document this assertion, Mr. Jones gathered the following sample information. The x column indicates the number of radio stations playing his music, and the y column shows the value of sales ($ thousands) last month for radio market sampled.

Stations ( \[x\] ) Sales
( \] thousands) \[(y)\]
7 13
12 85
11 120
9 10
8 17
  1. Determine the regression equation.
  2. Determine the estimated sales of 27 stations in a market.
  3. Determine the error of the estimate.

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


∴ Other downloads you may be interested in ∴

log in to your account

Forgot password?
Don't have a membership account?
REGISTER

reset password

Back to
log in

sign up

Back to
log in