2. Operations Management
3. the following data were collected during a study of consumer...

# Question: the following data were collected during a study of consumer...

###### Question details

The following data were collected during a study of consumer buying patterns:

 Observation x y Observation x y 1 12 72 8 16 83 2 30 85 9 19 65 3 37 88 10 18 77 4 31 84 11 17 90 5 46 96 12 27 90 6 44 92 13 33 94 7 32 84

b. Obtain a linear regression line for the data.(Round your intermediate calculations and final answers to 3 decimal places.)

y = _________ + __________ x

c. What percentage of the variation is explained by the regression line? (Do not round intermediate calculations. Round your answer to the nearest whole percent. Omit the "%" sign in your response.)

Approximately __________% of the variation in the dependent variable is explained by the independent variable.

d. Use the equation determined in part b to predict the expected value of y for x = 49. (Round your intermediate calculations and final answers to 3 decimal places.)

y = _______________

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