Find the equation of the regression line for these data

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Reference no: EM13630472

The marketing manager of a large supermarket chain would like to determine the effect of shelf space (in feet) on the weekly sales of international food (in hundreds of dollars). A random sample of 12 equal sized stores is selected, with the following results:

Store Shelf Space(X) Weekly Sales(Y)

1 10 2.0

2 10 2.6

3 10 1.8

4 15 2.3

5 15 2.8

6 15 3.0

7 20 2.7

8 20 3.1

9 20 3.2

10 25 3.0

11 25 3.3

12 25 3.5

Find the equation of the regression line for these data. What is the value of the standard error of the estimate?

Reference no: EM13630472

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