The K Company has a chain of 12 stores in a Southeast. Sales figures and profits for the stores are given in the following table.

5. The K Company has a chain of 12 stores in a Southeast. Sales figures and profits for the stores are given in the following table. Obtain a regression line for the data and predict profit for a store assuming sales of $20 million. X Y Sales Profits $9 $.20 8 .19 7 .15 8 .17 15 .20 14 .18 17 .21 20 .25 22 .28 23 .31 19 .23 15 .20

SUMMARY OUTPUTRegression StatisticsMultiple R0.889R Square0.791Adjusted R Square0.770Standard Error 0.022Observations12ANOVAdfRegressionResidualTotal 11011 SS0.0190.0050.023 MS…

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