Subject name : Production Planning & Control

Assignment 1 Topic: Production Forecasting 1. Planet Palace periodically offers carry out five-piece chicken dinners at special prices. Let Y be the number of dinners sold and X be the price. Based on the historical observations in Table 1, answer the following question: Table 1 Price (RM) 2.70 Observation 1 2 3 Dinners Sold 760 510 980 3.50 2.00 4 4.20 250 5 3.10 320 6 4.05 480 i) Determine the regression equation. [12 Marks) ii) Find number of dinners can Planet Palace expect to sell at RM3.00 each. [3 Marks)