Healthy Hamburgers has a chain of 12 stores in northern Illinois. 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 $10 million.
Unit Sales, x (in $ millions) | Profits, y (in $ millions) |
$ 7 | $0.15 |
2 | 0.1 |
6 | 0.13 |
4 | 0.15 |
14 | 0.25 |
15 | 0.27 |
16 | 0.24 |
12 | 0.2 |
14 | 0.27 |
20 | 0.44 |
15 | 0.34 |
7 | 0.17 |