Question

A random sample of data for 7 days of operation produced the following (price, quantity) data values:
Price per Gallon of Paint, X Quantity Sold, Y
10 ................. 100
8 ................... 120
5 ................... 200
4 ................... 200
10 ................. 90
7 ................... 110
6 ................... 150
a. Prepare a scatter plot of the data.
b. Compute and interpret b1.
c. Compute and interpret b0.
d. How many gallons of paint would you expect to sell if the price is $7 per gallon?


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  • CreatedJuly 07, 2015
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