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 |
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Answer: The solution consists of 4 pages
Solution Format: Word Document
Solution Format: Word Document
