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Calculate the slope and intercept in this problem

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Reference no: EM13245643

Circulation is the lifeblood of the publishing business. The larger the sales of a magazine, the more it can charge advertisers.Recently,a circulation gap has appeared between publishers 'reports of magazines'newstands sales and subsequent audits by the Audit Bureau of Circulations. The data below represents the reported and audited newsstand sales in 2001 for the following 10 magazines:

Magazine                     Reported(X)                                        Audited(Y)

YM                              621                                                     299.6

Cosmo Girl                  359.7                                                   207.7

Rosie                           530                                                      325

Playboy                       492.1                                                   336.3

Esquire                        70.5                                                     48.6

Teenpeople                  567                                                      400.3

More                            125.5                                                   91.2

Spain                           50.6                                                     39.1

Vogue                         353.3                                                   268.6

Elle                              263.6                                                   214.3

(a) Construct a scatter plot?

(b) Calculate the slope and intercept in this problem?

(c) Predict the mean audited newsstand sales for a magazine that reports newsstand sales of 400,000?

Reference no: EM13245643

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