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As part of Office Depot’s cost reducing strategy, research is being conducted on its line of...

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Basic Math

As part of Office Depot’s cost reducing strategy, research isbeing conducted on its line of printers. Currently Office Depotoffers 5 types of printers, each having different features. OfficeDepot detected that when it comes to buying a printer, customerslook first for a particular printing speed (pages per minute, orppm) and only then they look to the price to make their decision. Aregression analysis is performed to determine whether printer speedis a driver of (explains) the price. The following table displaysthe printers, their speeds and associated prices.

printer

speed

price

minolta

10

149

HP

12

450

Xerox

18

750

Brother

16

799

IBM

12

250

Averages

13.60

479.60

  1. Calculate coefficient B1
  2. Calculate coefficient Bo
  3. The regression equation for this problem is......
  4. Provide an interpretation for the interceptcoefficient.
  5. Provide an interpretation for the slopecoefficient.

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