Question:

1. Petra Prophet Statistical Consultants Inc. has collected data on the age and prices of eleven (1 l) Suzukis

1. Determine the regression equation for the data.
2. What is the interpretation of the slope of the regression equation?
3. Use the regression equation to predict the price of a 3~year~old Suzuki and a 4-year-old Suzuki.
4. Explain two basic forecasting techniques

(b) Solve the following linear programming problem using the graphical method

\(\operatorname{Max} 2 x+3 y\)

Subject to

\[\begin{array}{r} \mathrm{lx}+2 \mathrm{y} \leq 6 \\ 5 \mathrm{x}+3 \mathrm{y} \leq 15 \\ x, y \geq 0 \end{array}\]

Price: $2.99

Solution: The downloadable solution consists of 4 pages
Deliverable: Word Document