A company has recorded data on the weekly sales for its product (y) and the unit price of the competitor's product (x). The data resulting from a random sample of 7 weeks follows. Use Excel's Regression Tool to construct a residual plot and use it to determine if any model assumption have been violated.

Question

A company has recorded data on the weekly sales for its product (y) and the unit price of the competitor's product (x). The data resulting from a random sample of 7 weeks follows. Use Excel's Regression Tool to construct a residual plot and use it to determine if any model assumption have been violated.
A company has recorded data on the weekly sales for its product (y) and the unit price of the competitor's product (x). The data resulting from a random sample of 7 weeks follows. Use Excel's Regression Tool to construct a residual plot and use it to determine if any model assumption have been violated.

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The Answer of A company has recorded data on the weekly sales for its product (y) and the unit price of the competitor's product (x). The data resulting from a random sample of 7 weeks follows. Use Excel's Regression Tool to construct a residual plot and use it to determine if any model assumption have been violated.

A Company Has Recorded Data on the Weekly Sales for Its