1.The manufacturer of exercise equipment is interested in understanding of the relationship between the price and the...
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Question:
1.The manufacturer of exercise equipment is interested in understanding of the relationship between the price and the number of purchases made by customers. Based on the following data:
a)What linear regression equation best predicts the sales based on the price? (10 marks)
b)Estimate the sales when price is $1200? (5 marks)
Month
Price ($)
Sales
1
800
36,375
2
1400
38,000
3
2000
41,750
4
2100
42,360
5
2,350
55,080
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