The following data represent the number of flash drives sold per day at a local computer shop and their prices ...

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     The   following data represent the number of flash drives sold per day at a local   computer shop and   their prices.      Price Units Sold   34 3   36 4   32 6   35 5   30 9   38 2   40 1      a. Develop an estimated   regression equation with price as the independent variable.   b. Compute the coefficient of   determination and comment on the strength of relationship   between price and units sold.   c. Verify that the equation is   significant at α= 0.01.   d. Predict the number of units   sold at a price of $42.    

    • 8 years ago
    The regression equation is y = 29.7857 - 0.7286x ...
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      a2.xlsx