Homework Help: Econ/stats

Posted by Ruth on Sunday, April 29, 2012 at 11:29pm.

The following data represent the number of flash drives sold per day at a local computer shop and their prices.
Price (x) Units Sold (y)
$34 3
36
4
32
6
35
5
30
9
38
2
40
1
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.

No one has answered this question yet.

Answer this Question

Related Questions

Econ/stats - The following data represent the number of flash drives sold per ...
Statistics - The following data represent the number of flash drives sold per ...
ict - why does a computer need a floopy drive as well as a hard drive It doesn&#...
Math - A computer store sold a total of 300 items in a month, and sold six times...
math - a computer store sold a total of 300 items last month. the store sold six...
Math - On Tuseday, Grace's Flower Shop sold 124 flowers. At the end of the ...
math - A computer store sold a total of 300 items last month. The store sold six...
repost - computer store sold total of 300 items last month the store sol six ...
business math - a computer store sold 300 items -store sold 6 times asa many ...
Math-Advanced Pre-Algebra - A computer repair shop charges a flate rate of 50$ ...

For Further Reading

First Name:
School Subject:
Answer: