Problem

Newspaper sales. The table shows the number of newspa­pers (in thousands) that sell at a g...

Newspaper sales. The table shows the number of newspa­pers (in thousands) that sell at a given price (in nickels) per copy for the college newspaper Midstate Oracle at Midstate College.

Price (nickels)

1

2

3

4

5

Numbers of newspapers sold (thousands)

 

 

 

 

 

 

8

6

4

3

 

a. Use a graphing utility to find the equation of the line of regression relating the variables x (price in nickels) and y (number sold in thousands).


b. Use a graphing utility to plot the points and graph the regression line.


c. Approximately how many papers will be sold if the price per copy is 35.?

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