Answer the following questions based upon the linear regression results above: 1

Question

Answer the following questions based upon the linear regression results above:                                                                                                                                                                                                                                                        

1. which of these pie costs yield the most pies produced and why?

2. Which of these pie costs yield the least pies produced and why?

Estimated Error Cost per pies Estimated number of pies produced 61.37 $6.50 5,014 61.37 $7.00 5,041 61.37 $7.50 5,068

Explanation / Answer

1. 7.5 yielded the most pies because we can see the correlation between the esimate and the cost which is positively correlated, showing the beta value to be positve and hence for 7.5 its the most pies produced.

2. 6.5 and again the same reason goes here as well

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