A lawn and garden centre intends to use sales of lawn fertilizer to predict lawn mower sales.

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A lawn and garden centre intends to use sales of lawn fertilizer to predict lawn mower sales. The store manager wishes to determine tire relationship between fertilizer and mower sales. Tire pertinent data are:

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a. Determ i ne the correlation between the two variables. Does it appear that a relationship between these variables will yield good predictions? Explain. (You may use Excel’s “=C0RREL (RangeY, RangeX)” to determine r, where RangeY is the range of Excel cells containing the y values and RangeX is the range of Excel ce11s containing the x values. You also need R2, RSQ (RangeY, RangeX).
b. Obtain a1inear regression line for the data. (You may use Excel4s “=slope (Range Y, RangeX)” and “=intercept RangeY, RangeX)” to obtain the regression coefficients b and α, respectively. Alternatively, use Trendline in the Layout menu.)
c. Predict lawn mower sales, given fertilizer sales of 2 tonnes.
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Operations Management

ISBN: 978-0071091428

4th Canadian edition

Authors: William J Stevenson, Mehran Hojati

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