Question
In: Statistics and Probability
(Exam question) A pizza store wants to estimate the quarterly sales based on the student population...
(Exam question) A pizza store wants to estimate the quarterly sales based on the student population in town. The following data is obtained:
| x = student population (in 1000s) |
y = quarterly sales (in $1000s) |
|---|---|
| 2 | 58 |
| 6 | 105 |
| 8 | 88 |
| 8 | 118 |
| 12 | 117 |
| 16 | 137 |
| 20 | 157 |
| 20 | 169 |
| 22 | 149 |
| 26 | 202 |
Calculate the regression line. Provide an interpretation of the intercept and slope coefficients. Also give a prediction of sales when the student population is 17 thousand.
Solutions
orchestra answered 1 year agoRelated Solutions
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