Essay
Consider the following to answer the question(s) below:
A small independent organic food store offers a variety of specialty coffees. To determine whether price has an impact on sales, the managers kept track of how many kilograms of each variety of coffee were sold last month. The data, scatterplot, and summary statistics are shown below.
-Below is a plot showing residuals versus fitted values for the estimated regression equation relating monthly sales of coffee to price per kilogram. Are all the conditions for linear regression met? Explain.
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