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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