Frozen Pizza The product manager at a subsidiary of Kraft Foods, Inc. is interested in learning how sensitive sales are to changes in the unit price of a frozen pizza in Dallas, Denver, Baltimore, and Chicago. The product manager has been provided data on both Price and Sales volume every fourth week over a period of nearly four years for the four cities (Frozen Pizza). Examine the relationship between Price and Sales for each city.
A. Is the relationship between Price and Sales significant?
B. Describe the relationship Price and Sales. Is it positive, negative, or no relationship?
C. What is the regression equations for sales to pizza prices for the four cities?
D. What will be the predicted sales volume in the four cites if the price of the frozen pizza was $2.50