A company has recorded data on the weekly sales for its product (y) and the unit price of the compet


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
Price: $2.99
Answer: The solution consists of 4 pages
Solution Format: Word Document

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