The following sample observations were randomly selected. (Round intermediate calculations and final answers to 2 decimal places.) 5 5 3 6 7 y: 4 6 A) What is the regression equation is y= + X X: 5 7 B) When x is 5 this gives y = 2

Managerial Economics: Applications, Strategies and Tactics (MindTap Course List)
14th Edition
ISBN:9781305506381
Author:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris
Publisher:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris
Chapter14A: The Practice Of Revenue Management
Section: Chapter Questions
Problem 1E
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2
The following sample observations were
randomly selected. (Round intermediate
calculations and final answers to 2 decimal
places.)
X:
LO
5
5 3 6
4 6
7
5 7 2
y:
A) What is the regression equation is y=
X
B) When x is 5 this gives y =
Transcribed Image Text:The following sample observations were randomly selected. (Round intermediate calculations and final answers to 2 decimal places.) X: LO 5 5 3 6 4 6 7 5 7 2 y: A) What is the regression equation is y= X B) When x is 5 this gives y =
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