Question
After graduation, you take a position at Top-Slice, a well-known manufacturer of golf balls. One of your duties is toforecast monthly demand for golf balls.
After graduation, you take a position at Top-Slice, a well-known manufacturer of golf balls. One of your duties is toforecast monthly demand for golf balls. Using the following data, you developed a regression model that expressesmonthly sales as a function of average temperature for the month:Monthly
sales=575.2+93.2(average
temperature)
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Click the icon to view the additional data.Part 2a. Show how the
a
and
b
values of
575.2
and
93.2
were calculated.Calculate the slope coefficient,
b
(enter your responses as whole numbers).
b | = | 4256960(752)63210/12 /50298752^2/12=93.2 |
Part 3Calculate the intercept term,
a
(enter your responses rounded to one decimal place).
a | = | enter your response here93.2enter your response here= |
all information given
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