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A large department store has collected the following monthly data on lost sales revenue due to theft and the number of security guard hours on

A large department store has collected the following monthly data on lost sales revenue due to theft and the number of security guard hours on duty:

Lost Sales Revenues

Total Security Guard Hours

$1,000

600

$1,400

630

$1,900

1,000

$2,000

1,200

$1,800

950

$2,100

1,300

$2,300

1,350

Determine the least squares regression equation for predicting lost sales revenues based upon total security guard hours, assuming a 95% level of confidence.

Y = 1.902X + 899.545

Y = 1.402X+ 377.988

Y = 0.902X- 143.569

Y = 0.195X + 202.894

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