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and another one is sales (y). The selling price “X” is independent variable and the Sale “Y” is
dependent variable
The Table and Regression analyses model appear to us above, both explain to us the variables,
and there is 10 observations.
After analysis, according to regression analysis table, R 2 is equal 0.75 and this explains that there
is strong relationship between Selling price “X” and Sale Revenue “Y”, and when we see F-
statistics “0.001” explains or indicates that Selling price is significant relationship to the sale
revenue.
In conclusion, there is a strong relationship between selling price and sales revenue however,
marketing managers, so marketing managers should be more focused on selling prices and
satisfying customers to pursue business goals.