Multiple Cholce 2.72 3.19 4.57 5.45

MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
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Costco sells paperback books in their retail stores and wants to examine the relationship between the prices and sales. The price of a particular novel was
adjusted each week and the weekly sales are in the following table. Management would like to use a simple linear regression model that uses prices to predict
sales.
Sales
Price
4
$14
$10
$14
$ 6
$10
$ 4
$ 12
5
The predicted weekly sales for the novel when priced at $10 is equal to
Transcribed Image Text:Costco sells paperback books in their retail stores and wants to examine the relationship between the prices and sales. The price of a particular novel was adjusted each week and the weekly sales are in the following table. Management would like to use a simple linear regression model that uses prices to predict sales. Sales Price 4 $14 $10 $14 $ 6 $10 $ 4 $ 12 5 The predicted weekly sales for the novel when priced at $10 is equal to
Multiple Cholce
2.72
3.19
4.57
5.45
Transcribed Image Text:Multiple Cholce 2.72 3.19 4.57 5.45
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