Question: using Microsoft Excel solve : Chicken's periodically offers carryout five-piece chicken dinners atspecial prices. Let Y be the number of dinners sold and X be

using Microsoft Excel solve :

  • Chicken's periodically offers carryout five-piece chicken dinners atspecial prices. Let Y be the number of dinners sold and X be the price.Based on the historical observations and calculations in the followingtable, determine the regression equation, correlation coefficient, andcoefficient of determination. How many dinners can Chicken's expecttosellat$5.70each? Istheforecastreliable?

Observation

Price(X)

DinnerSold(Y)

1

2.7

700

2

3.35

430

3

2

650

4

4.2

510

5

3.1

700

6

4.05

400

7

5.05

200

8

3.8

?

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