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A business man from Cavite, owns 10 fastfood restaurants in 10 towns of l{Ea-trite. He wants to know if the town's population affects the monthly
A business man from Cavite, owns 10 fastfood restaurants in 10 towns of l{Ea-trite. He wants to know if the town's population affects the monthly sales. The monthly average sales, in millions of pesos and the town's population, in hundred thousand, is given below: TOWN POPULATION . 7.72 8.85 9.74 6.76 4.18 l6.41843 9.12 saws 1. Find the best fitted equation of the regression line. Interpret the slope and the y-intercept {5 pts} 2. Compute the coefcient of determination and interpret (3 pls) 3. If the population ofTown A will be increased by 100000, what is the expected monthly sales. [2 pts}
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