A meat processing company is interested in understanding the relationship between the price of their steak (per pound) a

[answerhappygod]

A meat processing company is
interested in understanding the relationship between the price of
their steak (per pound) and the total sales of steak in a week. The
company records the average price charged (in dollars) per pound of
steak and the total sales (in thousands of dollars) per week for 15
weeks. Run a simple linear regression to explain the impact of
price on weekly sales. Express the model you are estimating and
state the null and alternate hypothesis. Given the results of
your estimation, what is the expected weekly sales when the company
charges $3.75 for a pound of steak?
(Please tell me how you ran the data
in spss!)
Price | Sales
2.71 38.83
5.40 17.00
2.71 41.33
3.71 38.00
4.00 33.17
4.40 30.83
5.06 26.00
2.57 41.50
3.43 38.17
4.26 31.67
4.31 31.00
4.66 27.33
5.00 26.50
5.17 24.00
5.23 19.50