Mark Gershon, owner of a musical instrument distributorship, thinks that demand for guitars may be related to the number of television appearances by the popular group Maroon 5 during the previous month. Gershon has collected the data shown in the following table: Maroon 5 TV Appearances Demand for Guitars 4 4 7 6 8 6 4 6 8 6 10 6 This exercise contains only parts b, c, and d. b) Using the least-squares regression method, the equation for forecasting is (round your responses to four decimal places): Y = 0.0003 + 1.1429 x c) The estimate for guitar sales if Maroon 5 performed on TV 9 times = sales (round your response to two decimal places).

Understanding Business
12th Edition
ISBN:9781259929434
Author:William Nickels
Publisher:William Nickels
Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment
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Mark Gershon, owner of a musical instrument distributorship, thinks that demand for guitars may be related to the
number of television appearances by the popular group Maroon 5 during the previous month. Gershon has collected the
data shown in the following table:
Maroon 5 TV Appearances
Demand for Guitars
4
4 7
6
8 6
4 6 8 6 10
6
This exercise contains only parts b, c, and d.
b) Using the least-squares regression method, the equation for forecasting is (round your responses to four decimal
places):
Y = 0.0003 + 1.1429 x
c) The estimate for guitar sales if Maroon 5 performed on TV 9 times =
sales (round your response to two
decimal places).
Transcribed Image Text:Mark Gershon, owner of a musical instrument distributorship, thinks that demand for guitars may be related to the number of television appearances by the popular group Maroon 5 during the previous month. Gershon has collected the data shown in the following table: Maroon 5 TV Appearances Demand for Guitars 4 4 7 6 8 6 4 6 8 6 10 6 This exercise contains only parts b, c, and d. b) Using the least-squares regression method, the equation for forecasting is (round your responses to four decimal places): Y = 0.0003 + 1.1429 x c) The estimate for guitar sales if Maroon 5 performed on TV 9 times = sales (round your response to two decimal places).
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