Costco sells paperback books in their retail stores and wanted to examine the relationship between price and demand. The price of a particular novel was adjusted each week and the weekly sales were...

Extracted text: Costco sells paperback books in their retail stores and wanted to examine the relationship between price and demand. The price of a particular novel was adjusted each week and the weekly sales were recorded in the table below. Sales Price 3 $12 4 $11 6 $10 10 $9 8 $8 10 $7 Management would like to use simple regression analysis to estimate weekly demand for this novel using the price of the novel. The y-intercept for the regression equation is O 20.676 O 25.155 O 29.601 O 32.772