
Practice using your calculator for Linear Regression
1 (2001 Second Semester)
A candy manufacturer wants to estimate the effect of price on sales. Six randomly selected
stores sold the candy at different prices. The prices and sales are shown in the table below.
(a) Calculate the linear regression coefficients b
0
and b
1
.
(b) Interpret the linear equation. (c) Find sales if price is $2.40
Solution:
(a)
. (b)
pricesalesEstimated 19.4839.161
.
(c) Sales = 46
700,30268,390,66.25,12
22
xyyyxx
2 (2003 First Semester)
(Remember to clear the previous data before starting.)
A local charity runs a regular appeal for funds. They believe that the amount raised is
determined largely by the number of collectors and want to predict the amount that will be
raised in their next appeal. The data from the last five appeals is as follows:
Calculate the linear regression coefficients b
0
and b
1
for this data.
Interpret the linear equation.
Solution:
That is
collectorsnoamountEstimated .15.5612.4605
1985329,284875229,37457,14279,257
22
xyyyxx
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