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A company which manufactures and sells widgets is analyzing the price at which they sell the widgets. They collect data over 8 weeks, recording the
A company which manufactures and sells widgets is analyzing the price at which they sell the widgets. They collect data over 8 weeks, recording the price at which they sold the widgets during each week as well as the number of widgets they sold. The results are summarized in the table below. $18.00 1253 $19.50 1726 $22.00 1044 $26.25 1086 $28.75 1203 $31.75 1161 i. Find the equation of the leastsquares regression line. Round to 2 decimal places. ii. Use the regression line from part i to predict the number of widgets that would be sold during a week in which the price per widget was $19. Round your answer to the nearest widget
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