Question: Case problem: Selecting a Point-and-Shoot Digital CameraConsumer reports tested 20 different point-and-shoot digital cameras. Based upon factorssuch as the number of megapixels, weight, and price,
Case problem: Selecting a Point-and-Shoot Digital CameraConsumer reports tested 20 different point-and-shoot digital cameras. Based upon factorssuch as the number of megapixels, weight, and price, they developed an overall score foreach camera tested. The overall score ranges from 0 to 100, with higher scores indicatingbetter overall test results.The data set includes information on brand, average retail price, number of megapixels andweightManagerial Report:Use the regression technique, students need to include the following in their report.1) Using overall score as the dependent variable, develop three scatter diagrams, oneusing price as the independent variable, one suing weight as the independent variable,and one using the number of megapixels as the independent variable. Which of thethree independent variables appears to be the best predictor for overall score?2) Develop an estimated regression equation that could be used to predict the overallsore given the price of the camera and the number of megapixels. Discuss yourfindings.3) Discuss the need for other independent variables that could be added to the model.What additional variables might be helpful?Citation and referencing: Students should follow the APA referencing style to construct theReference List and in-text citations.

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