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Regression analysis

Bingo Hamburger Co 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 & predict profit for a store assuming sales of $10 million.

X Y
SALES PROFITS
$7 $.15
2 .10
6 .13
4 .15
14 .25
15 .27
16 .24
12 .20
14 .27
20 .44
15 .34
7 .17

Solution Summary

Excel file contains estimation of profits at given level sales.

$2.19