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The manager of a seafood restaurant was asked to establish a pricing policy on lobster dinners. Experimenting with prices produced the following data: Average Number
The manager of a seafood restaurant was asked to establish a pricing policy on lobster dinners. Experimenting with prices produced the following data:
Average Number Sold per Day, y | Price, x | Average Number Sold per Day, y | Price, x | ||
200 | $6.00 | 155 | $8.25 | ||
190 | 6.50 | 156 | 8.50 | ||
188 | 6.75 | 148 | 8.75 | ||
180 | 7.00 | 140 | 9.00 | ||
170 | 7.25 | 133 | 9.25 | ||
162 | 7.50 | ||||
160 | 8.00 | ||||
Obtain a linear regression line for the above data, and use it to predict the number of lobster dinners expected to be sold. Specifically, what's your forecast for the number of lobster dinners expected to be sold with a given price of $7.75? (Round your answer to a whole number.)
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