The following table shows the hot dogs bought from a street vendor over the course of...

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The following table shows the hot dogs bought from a street vendor over the course of eight days (Demand). Also shown is th

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Answer 1

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a.

The independent variable is X, and the dependent variable is Y. In order to compute the regression coefficients, the followin

= 15.625 x = 3 x = 135 – 15.62 Y = 3x = 280 – 32.5 888x = 3x -- (2x) = 2188 – 125/8 – 20.875 96 = 3x - 1 (EY) = 9055 –200/8 =

Answer : Y = 14.1816 + (1.1724) X

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