# Question: A random sample of data for 7 days of operation

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?

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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