Homework SourseUsing the bestfit line below for prediction answer the follo
Using the best-fit line below for prediction, answer the following questions:
What would you predict the price of Product X in volume of 150 to be (approximately)?
What would you predict the price of Product X in volume of 100 to be (approximately)?
350.00 300.00- 250.00 200.00 150.00 R Sq Linear = 0.826 100.00 50.00 100.00 150.00 200.00 250.00 productXSolution
What would you predict the price of Product X in volume of 150 to be (approximately)?
looking in the X-axis you need to find 150 and look the line of the linear regression
when you have the point of 150 in the linear regression
find Y in the y-axis
Y = 250
What would you predict the price of Product X in volume of 100 to be (approximately)?
Y=150
