A supermarket has a chain of 12 stores in Kuwait. Sales figures and profits for the stores are given in the following table. Obtain a regression equation for the data, and predict profit for a store assuming sales of $20 million. Show all calculations in detail. Sales, x (in millions of dollars) Profits, y (in millions of dollars) 7 0.12 2 0.1 6 0.13 12 0.15 14 0.25 16 0.2 10 0.24 12 0.2 14 0.27 20 0.15 7 0.34 8 0.17
A supermarket has a chain of 12 stores in Kuwait. Sales figures and profits for the stores are given in the following table. Obtain a regression equation for the data, and predict profit for a store assuming sales of $20 million. Show all calculations in detail. Sales, x (in millions of dollars) Profits, y (in millions of dollars) 7 0.12 2 0.1 6 0.13 12 0.15 14 0.25 16 0.2 10 0.24 12 0.2 14 0.27 20 0.15 7 0.34 8 0.17
Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter4: Equations Of Linear Functions
Section4.6: Regression And Median-fit Lines
Problem 17HP
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A supermarket has a chain of 12 stores in Kuwait. Sales figures and profits for the stores are given in the following table. Obtain a regression equation for the data, and predict profit for a store assuming sales of $20 million. Show all calculations in detail.
Sales, x (in millions of dollars) |
Profits, y (in millions of dollars) |
7 |
0.12 |
2 |
0.1 |
6 |
0.13 |
12 |
0.15 |
14 |
0.25 |
16 |
0.2 |
10 |
0.24 |
12 |
0.2 |
14 |
0.27 |
20 |
0.15 |
7 |
0.34 |
8 |
0.17 |
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