The table shows the profit y (in thousands of dollars)that a company made during a
month when the price of its product was x dollars per unit.
a. Fit the model to the data and give the least squares prediction equation.
b. Plot the fitted equation on a scattergram of the data.
c. Is there sufficient evidence of downward curvature in the relationship between profit and price? Use .
Correct Answer:
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b.
c. Test
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