Question: In a simple linear regression analysis attempting to relate sales (y) to price (x), the following data are available: x y Price ($) Sales(units) 40

In a simple linear regression analysis attempting to relate sales (y) to price (x), the following data are available:

x

y

Price ($)

Sales(units)

40 120

70 60

50 100

80 80

The least squares line wouldpredict a yvalue of _______ for an x value of 60. (Recommend using Excel)

A. 90

B. 80

C. 75

D. 71

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