Question

x

3.00
3.25
3.50
3.75
4.00
4.25
4.50
4.75
5.00
y
3.05
2.96
3.07
3.00
2.99
2.96
2.97
2.99
2.98

The company expects that the relationship between price and products sold is approximately linear. Use linear regression on your calculator to find the linear equation that best fits the data. Fill in the appropriate values below, rounding each to two decimal places.

y= ax + b

Answer 1

[AI-generated answer — Bot GPT 3.5]

Using linear regression on the given data points, the linear equation that best fits the data is:

y = -0.53x + 4.03

Therefore, the values of a and b are:
a = -0.53
b = 4.03