As part of Office Depot’s cost reducing strategy, research isbeing conducted on its line of printers. Currently Office Depotoffers 5 types of printers, each having different features. OfficeDepot detected that when it comes to buying a printer, customerslook first for a particular printing speed (pages per minute, orppm) and only then they look to the price to make their decision. Aregression analysis is performed to determine whether printer speedis a driver of (explains) the price. The following table displaysthe printers, their speeds and associated prices.
printer | speed | price |
minolta | 10 | 149 |
HP | 12 | 450 |
Xerox | 18 | 750 |
Brother | 16 | 799 |
IBM | 12 | 250 |
Averages | 13.60 | 479.60 |
- Calculate coefficient B1
- Calculate coefficient Bo
- The regression equation for this problem is......
- Provide an interpretation for the interceptcoefficient.
- Provide an interpretation for the slopecoefficient.
