3. Arnold
Tofu
owns and operates a chain of 12 vegetable protein “hamburger” restaurants in northern Louisiana. Sales figures and profits for the stores are in the table below. Sales are given in millions of dollars
; profits are in hundreds of thousands of dollars. Calculate a regression line for the data. What is your forecast of profit for a store with sales of $24 million? $30 million? . Store . Profits . Sales . 1 . 14 . 6 . 2 . 11 . 3 . 3 . 15 . 5 . 4 . 16 . 5 . 5 . 24 . 15 . 6 . 28 . 18 . 7 . 22 . 17 . 8 . 21 . 12 . 9 . 26 . 15 . 10 . 43 . 20 . 11 . 34 . 14 . 12 . 9 . 5