Wednesday

September 17, 2014

September 17, 2014

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

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.

**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 ...

Statistics/Probability - Each day a bakery delivers the same number of loaves of...

Math (quadratic function) - A fuel station sell, aproximately, 2140 liters of ...

Question for math. - how do i solve this? When x number of units are sold, the ...

Math - A computer store sold a total of 300 items in a month, and sold six times...

Econ - The demand for widgets (QX) is given by the following equation: QX = 425-...

calculus - The demand function for a product is given by p = 10,000(1 − (5...

math calculus - The demand function for a product is given by p = 10,000(1 &#...

math - a computer store sold a total of 300 items last month. the store sold six...