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Your job is to see if there is a relationship between price and sales for coffee. Coffee sales: Price: 1.50 2.20 2.70 2.50 2.90 2.00
Your job is to see if there is a relationship between price and sales for coffee.
Coffee sales:
Price: 1.50 2.20 2.70 2.50 2.90 2.00 1.60 2.10 3.00 1.80
Sales: 96 79 70 73 64 85 94 83 63 91
Complete the attached table.
- Identify the actual number of sales at each price.
- Use the line of best fit to calculate the predicted sales at each price.
- Calculate the residuals at each price by subtracting predicted sales from actual sales.
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