ou own a clothing store in Tacoma, Washington. One of the items you sell are sweaters with the logo "Make Tacoma Stink Again" to support the campaign to reopen the paper mill. You have many one-day sales and keep track six times of the size of the discount (in dollars) and the number of sweaters sold. Your data for the six sales is: Sale number 1 2 3 4 5 6 Discount (in dollars) 4 4 6 14 4 4 Swearers Sold 6 10 4 26 16 10 If you are predicting the number of sweaters sold based on the size of the discount, what is the slope, b, of the regression line?

MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
icon
Related questions
Question

You own a clothing store in Tacoma, Washington. One of the items you sell are sweaters with the logo "Make Tacoma Stink Again" to support the campaign to reopen the paper mill. You have many one-day sales and keep track six times of the size of the discount (in dollars) and the number of sweaters sold. Your data for the six sales is:

Sale number 1 2 3 4 5 6

Discount (in dollars) 4 4 6 14 4 4

Swearers Sold 6 10 4 26 16 10

If you are predicting the number of sweaters sold based on the size of the discount, what is the slope, b, of the regression line?

 
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 2 steps

Blurred answer
Similar questions
Recommended textbooks for you
MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
Statistics
ISBN:
9781119256830
Author:
Amos Gilat
Publisher:
John Wiley & Sons Inc
Probability and Statistics for Engineering and th…
Probability and Statistics for Engineering and th…
Statistics
ISBN:
9781305251809
Author:
Jay L. Devore
Publisher:
Cengage Learning
Statistics for The Behavioral Sciences (MindTap C…
Statistics for The Behavioral Sciences (MindTap C…
Statistics
ISBN:
9781305504912
Author:
Frederick J Gravetter, Larry B. Wallnau
Publisher:
Cengage Learning
Elementary Statistics: Picturing the World (7th E…
Elementary Statistics: Picturing the World (7th E…
Statistics
ISBN:
9780134683416
Author:
Ron Larson, Betsy Farber
Publisher:
PEARSON
The Basic Practice of Statistics
The Basic Practice of Statistics
Statistics
ISBN:
9781319042578
Author:
David S. Moore, William I. Notz, Michael A. Fligner
Publisher:
W. H. Freeman
Introduction to the Practice of Statistics
Introduction to the Practice of Statistics
Statistics
ISBN:
9781319013387
Author:
David S. Moore, George P. McCabe, Bruce A. Craig
Publisher:
W. H. Freeman