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A Company Has Recorded Data on the Weekly Sales for Its

question 11

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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 seven weeks follows. Use Excel's Regression tool to construct a residual plot and use it to determine if any model assumptions have been violated.  Week  Price  Sales 10.332020.251430.442240.402150.351660.391970.2915\begin{array} { l l l } \text { Week } & \text { Price } & \text { Sales } \\\hline 1 & 0.33 & 20 \\2 & 0.25 & 14 \\3 & 0.44 & 22 \\4 & 0.40 & 21 \\5 & 0.35 & 16 \\6 & 0.39 & 19 \\7 & 0.29 & 15\end{array}

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Definitions:

Eruption Column

A column of gases, ash, and volcanic rock that is ejected into the atmosphere during a volcanic eruption.

Tephra

Fragmented material produced by a volcanic eruption regardless of size, composition, or emplacement mechanism.

Gas Flux

The rate of flow of gases into or out of a surface area.

Unweathered Lava

Refers to lava that has not been exposed to weathering processes and therefore maintains its original texture and composition.

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