Question
Download the data prices.xlsx. Using R, run a regression of prices on ounces. Based on the results, what would be the predicted change in price
Download the data prices.xlsx. Using R, run a regression of prices on ounces. Based on the results, what would be the predicted change in price if ounces increased from 10 to 12?
| a. | $13.23 | |
| b. | $11.51 | |
| c. | $17.63 | |
| d. | $11.83 | |
| e. | None of these |
| Ounces | Price |
| 15.6394935 | 95.8714443 |
| 7.47047269 | 47.3794506 |
| 1.27554917 | 11.9407556 |
| 6.93946118 | 46.8370314 |
| 17.826798 | 112.697149 |
| 2.25379753 | 19.4855151 |
| 7.76105724 | 50.8970282 |
| 3.79827615 | 28.9229204 |
| 5.68974126 | 39.9106407 |
| 19.1153954 | 119.28176 |
| 5.78206172 | 39.9453452 |
| 16.5706888 | 102.528711 |
| 8.15178094 | 54.0856442 |
| 19.2843011 | 120.487289 |
| 7.09677249 | 48.1993518 |
| 0.02862318 | 6.36780075 |
| 6.02122446 | 41.1084441 |
| 8.10183268 | 53.8336738 |
| 11.0429251 | 72.2131643 |
| 13.3906732 | 84.0786666 |
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Discrete Mathematics, Edition
Authors: Seymour Lipschutz, Marc Lipson
4th Edition
126425881X, 9781264258819
