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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 |
---|---|
4 | $ 12 |
2 | $ 8 |
6 | $ 8 |
6 | $ 12 |
8 | $ 18 |
8 | $ 8 |
1 | $ 7 |
The predicted weekly sales for the novel when priced at $10 is equal to ________.
Group of answer choices
3.46
2.99
5.72
4.84
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