our task is to find the equation of the straight line that fits the data best. The following table represents the survey results from the 7 online stores.
our task is to find the equation of the straight line that fits the data best. The following table represents the survey results from the 7 online stores.
Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter4: Equations Of Linear Functions
Section4.6: Regression And Median-fit Lines
Problem 19PFA
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Question
Example:4 You have to study the relationship between monthly e-commerce sales and online advertising costs. You have the survey results for 7 online stores for the last year.
Your task is to find the equation of the straight line that fits the data best.
The following table represents the survey results from the 7 online stores.
Online |
Monthly E-commerce Sales |
Online Advertising Dollars (1000 s) |
1 |
368 |
1.7 |
2 |
340 |
1.5 |
3 |
665 |
2.8 |
4 |
954 |
5 |
5 |
331 |
1.3 |
6 |
556 |
2.2 |
7 |
376 |
1.3 |
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