Obtain a regression line for the data

Reference no: EM13192385

The Bingo Hamburger Company has a chain of 12 stores in a large city. Sales figures and profits for the stores are given in the following table. Obtain a regression line for the data and predict profit for a store assuming sales of $10 million.

X Y
Sales Profits
(in millions) (in millions)
$7 $.15
$2 $.10
$6 $.13
$4 $.15
$14 $.25
$15 $.27
$16 $.24
$12 $.20
$14 $.27
$20 $.44
$15 $.34
$7 $.17

Reference no: EM13192385

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