MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
6th Edition
ISBN: 9781119256830
Author: Amos Gilat
Publisher: John Wiley & Sons Inc
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5. The table below shows varying prices of music sold on a streaming service. Determine the linear regression
to estimate the weekly sales of albums sold, use your regression to estimate the weekly sales if the price is
$9 per album, and state the correlation coefficient, r, and interpret its meaning in the context of this
problem.
Price ($)
Weekly sales (in thousands)
$8
440
$8.50
380
$10 $11.50
250 180
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Transcribed Image Text:5. The table below shows varying prices of music sold on a streaming service. Determine the linear regression to estimate the weekly sales of albums sold, use your regression to estimate the weekly sales if the price is $9 per album, and state the correlation coefficient, r, and interpret its meaning in the context of this problem. Price ($) Weekly sales (in thousands) $8 440 $8.50 380 $10 $11.50 250 180
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