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Costco sells paperback books in their retail stores and wants to examine the relationship between the prices and sales. The price of a particular novel
Costco sells paperback books in their retail stores and wants to examine the relationship between the prices and sales. The price of a particular novel was adjusted each week and the weekly sales are in the following table. Management would like to use a simple linear regression model that uses prices to predict sales. sales Price 3 $11 $17 $15 $1 $ S The predicted weekly sales for the novel when priced at $10 is equal to Multiple Choice O 1.85 O 2.32 O 3.70 O 4.58
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