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Teaching Since:	May 2017
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MCS,PHD
Argosy University/ Phoniex University/
Nov-2005 - Oct-2011

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Phoniex University
Oct-2001 - Nov-2016

Category > Management Posted 30 Jan 2018 My Price 6.00

manager of a seafood restaurant

25. The manager of a seafood restaurant was asked to establish a pricing policy on lobster dinners. Experimenting with prices produced the following data:

Average Number Sold per Day, y	Price, x	Average Number Sold per Day, y	Price, x
200	$6.00	155	$8.25
190	6.50	156	8.50
188	6.75	148	8.75
180	7.00	140	9.00
170	7.25	133	9.25
162	7.50
160	8.00

a. Plot the data and a regression line on the same graph.

b. Determine the correlation coefficient and interpret it.

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Maurice Tutor

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Status NEW Posted 30 Jan 2018 11:01 PM My Price 6.00

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