question archive Lovely Lawns, Inc
Lovely Lawns, Inc
Subject:ManagementPrice: Bought3
Lovely Lawns, Inc., intends to use sales of lawn fertilizer to predict lawn mower sales. The store manager estimates a probable six-week lag between fertilizer sales and mower sales. The pertinent data are: Number of Mowers Sold (six-week lag Fertilizer Sales Period (tons) 12 10 13 14 14 1.9 1.6 2.1 2.3 2.5 1.9 4 6 1.8 10 9 12 1.5 2.2 1.7 10 13 10 12 12 13 1.9 Determine the correlation between the two variables. Does it appear that a relationship between these variables will yield reasonable predictions? Explain. a. b. Obtain a linear regression line for the data. c. Predict expected lawn mower sales for the first week in August, given fertilizer sales six weeks earlier of 2 tons.
