SOLUTION: q1:the owner of a retailing organization is interested in the relationship between price at which the commodity is offered for sale and the quantity sold . the following sample hav

Question 1136830: q1:the owner of a retailing organization is interested in the relationship between price at which the commodity is offered for sale and the quantity sold . the following sample have been collected : price 25 , 45, 30, 50, 35, 40, 65, 75,70,60 and quantity sold 118, 108, 112, 100, 111, 108, 95, 88, 91,96
Answer by ikleyn(52848) (Show Source): You can put this solution on YOUR website!
.

Go to the site

https://www.graphpad.com/quickcalcs/linear2/

Use the online solver for linear regression.

Input your data. Then press the "Calculate" button.

You will get the linear regression equation

Y = -0.5717*X + 131.0

as your answer.

Do not forget to post your "THANKS" to me for my instructions.

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