Chicken Palace periodically offers carryout five-piece chicken dinners at special prices. Let Y be the number of dinners sold and X be the price. Based on the historical observations and calculations...


Chicken Palace periodically offers carryout five-piece chicken dinners at special prices. Let Y be the number of dinners sold and X be the price. Based on the historical observations and calculations in the following table, determine the regression equation, correlation coefficient, and coefficient of determination. How many dinners can Chicken Palace expect to sell at $3.00 each?


Observation<br>Price (X)<br>Dinners Sold (Y)<br>1<br>$2.70<br>760<br>$3.50<br>510<br>3<br>$2.00<br>980<br>4<br>$4.20<br>250<br>5<br>$3.10<br>320<br>6<br>$4.05<br>480<br>Total<br>$19.55<br>3,300<br>Average<br>$3.258<br>550<br>2.<br>

Extracted text: Observation Price (X) Dinners Sold (Y) 1 $2.70 760 $3.50 510 3 $2.00 980 4 $4.20 250 5 $3.10 320 6 $4.05 480 Total $19.55 3,300 Average $3.258 550 2.

Jun 02, 2022
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