A local garden shop selected a random sample of 20 weeks and recorded both the price and
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Question:
A local garden shop selected a random sample of 20 weeks and recorded both the price and the the number of weed-eaters sold for each week. The summary statistics are: Price: X = 35, sx = 3.4156 Units sold: y = 4.2857, sy = 2.6904 The correlation between Price and Units sold was r=-0.925
a) What is the equation of the least-squares estimated regression line?
b) What is the coefficient of determination?
c) How many weed-eaters can the garden shop expect to sell (on average) if they set the price at $33?
Related Book For
Elementary Statistics Picturing the World
ISBN: 978-0321911216
6th edition
Authors: Ron Larson, Betsy Farber
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