Solution-What is the residual number of television sold

What is the residual number of television sold

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Reference no: EM133108776

Question - The manager of a store is trying to estimate the weekly number of televisions sold based on the price ($) of the television. Excel was used to investigate the potential linear relationship between these two variables. A section of the summary output is provided below:

Regression statistics
Multiple R	0.80
R square	0.64
Observations	19
	Coefficients	Standard Error
Intercept	0.56	0.02
Price	-0.07	0.00

Say, in one particular week, this store sold 62 televisions that had a price of $2827.

What is the residual number of television's sold for a price of $2827?

Reference no: EM133108776

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What is the residual number of television sold : Say, in one particular week, this store sold 62 televisions that had a price of $2827. What is the residual number of television's sold for a price of $2827

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What is the residual number of television sold

Reference no: EM133108776

Reference no: EM133108776

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