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Costco sells paperback books in their retail stores and wanted to examine the relationship between price and demand. The price of a particular novel was adjusted each week and the weekly sales were recorded in the table below. Sales Price 3 $12 4 $11 6 $10 10 $9 8 $8 10 $7   Management would like to use simple regression analysis to estimate weekly demand for this novel using the price of the novel. The sum of squares error for this sample is ________.     7.63     11.31     9.24     14.30

Costco sells paperback books in their retail stores and wanted to examine the relationship between price and demand. The price of a particular novel was adjusted each week and the weekly sales were recorded in the table below. Sales Price 3 $12 4 $11 6 $10 10 $9 8 $8 10 $7   Management would like to use simple regression analysis to estimate weekly demand for this novel using the price of the novel. The sum of squares error for this sample is ________.     7.63     11.31     9.24     14.30

Elementary Linear Algebra (MindTap Course List)
Elementary Linear Algebra (MindTap Course List)
8th Edition
ISBN:9781305658004
Author:Ron Larson
Publisher:Ron Larson
Chapter2: Matrices
Section2.CR: Review Exercises
Problem 89CR: Cellular Phone Subscribers The table shows the numbers of cellular phone subscribers y in millions...
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  1. Costco sells paperback books in their retail stores and wanted to examine the relationship between price and demand. The price of a particular novel was adjusted each week and the weekly sales were recorded in the table below.

    Sales Price
    3 $12
    4 $11
    6 $10
    10 $9
    8 $8
    10 $7

     

    Management would like to use simple regression analysis to estimate weekly demand for this novel using the price of the novel. The sum of squares error for this sample is ________.

       
    7.63
       
    11.31
       
    9.24
       
    14.30
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