Essay
The following data represent the number of flash drives sold per day at a local computer shop and their prices.
a.Develop a least-squares regression line and explain what the slope of the line indicates.
b.Compute the coefficient of determination and comment on the strength of relationship between x and y.
c.Compute the sample correlation coefficient between the price and the number of flash drives sold. Use = 0.01 to test the relationship between x and y.
Correct Answer:
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a.
= 29.7857 - 0.7286x
The slope indicate...View Answer
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Correct Answer:
Verified
= 29.7857 - 0.7286xThe slope indicate...
View Answer
Unlock this answer now
Get Access to more Verified Answers free of charge
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