Bergans of Norway has been making outdoor gear since 1908
Bergans of Norway has been making outdoor gear since 1908. The following data show the temperature rating (F°) and the price ($) for 11 models of sleeping bags produced by Bergans (Backpacker 2006 Gear Guide).
a. Develop a scatter diagram for these data with temperature rating (F°) as the independent variable.
b. What does the scatter diagram developed in part (a) indicate about the relationship between temperature rating (F°) and price?
c. Use the least squares method to develop the estimated regression equation.
d. Predict the price for a sleeping bag with a temperature rating (F°) of 20.
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