Question
The marketing manager of a large supermarket chain would like to use shelf space to predict the sales of pet food. For a random sample
The marketing manager of a large supermarket chain would like to use shelf space to predict the sales of pet food. For a random sample of 12 similar stores, she gathered the following nformation regarding the shelf space, in feet, devoted to pet food and the weekly sales in hundreds of dollars. Store 1 2 3 4 5 6 Shelf Space 5 5 5 10 10 10
Weekly Sales 1.6 2.2 1.4 1.9 2.4 2.6
Store 7 8 9 10 11 12 Shelf Space 15 15 15 20 20 20 Weekly Sales 2.3 2.7 2.8 2.6 2.9 3.1
What is the equation for the least squares line? a.) y^=2.63 +0.724x b.)y^=1.45 +0.724x c.)y^=1.45 +0.074x d.)y^=2.63-0.174x
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