Mathematics, 06.04.2020 15:19 msjsnell29
The theater director recorded the number of seats occupied at past performances and the total revenue per
performance.
After plotting her results, the director noticed that the relationship between the two variables was fairly linear,
so she used the data to calculate the following least squares regression equation for predicting the total
revenue, in dollars, from the number of seats occupied.
= -325 + 143
What is the residual of a performance with a revenue of $700 and 70 seats occupied ?
Answers: 1
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The theater director recorded the number of seats occupied at past performances and the total revenu...
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