Question: new plant will be a function of the expected demand for ice cream within the area served by the plant. A market survey is currently

 new plant will be a function of the expected demand for

new plant will be a function of the expected demand for ice cream within the area served by the plant. A market survey is currently under way to determine that demand. The following data have been collected: a. Develop a regression equation to forecast the cost per thousand gallons as a function of the number of thousands of gallons produced. The forecasting model is given by the equation Y= X. (Enter your responses rounded to two decimal places.) b. What are the correlation coefficient and the coefficient of determination? The sample correlation coefficient is (Enter your response rounded to two decimal places.) The coefficient of determination is . (Enter your response rounded to two decimal places.)

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