Chicken Palace periodically offers carryout five-piece chicken dinners at special prices. Let Y be the number of

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Chicken Palace periodically offers carryout five-piece chicken dinners at special prices. Let Y be the number of dinners sold and X be the price. On the basis of the historical observations and calculations in the following table, determine the regression equation, correlation coefficient, and coefficient of determination. How many dinners can Chicken Palace expect to sell at $3.00 each?Observation 1 2 3 4 5 6 Total Average Price (X) $2.70 $3.50 $2.00 $4.20 $3.10 $4.05 $19.55 $3.258 Dinners

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Operations Management Processes And Supply Chains

ISBN: 9781292409863

13th Global Edition

Authors: Lee Krajewski, Naresh Malhotra, Larry Ritzman

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