-Refer to the graph above to answer this question.What is the effect if the price is $1,200.
Definitions:
Scatterplot
A type of graph used in statistics to display values for typically two variables for a set of data.
Correlation Coefficient
A statistical measure that indicates the extent to which two variables change together.
Measure Of Dispersion
An indication of how spread out the values of a dataset are, which can include range, variance, or standard deviation.
Standard Deviation
A statistical measure of the dispersion or variability in a set of values, indicating how much the values deviate from the mean of the set.
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