George Jones, president of George Jones Enterprises, believes that there is a relationship between t
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 |
A) Determine the regression equation.
B) Determine the estimated sales of 27 stations in a market.
C) Determine the error of the estimate.
Price: $2.99
Answer: The solution consists of 2 pages
Deliverable: Word Document
Deliverable: Word Document
