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Compute the linear correlation coefficient between the two variables and determine whether a linear relation exists.
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Shipping Cost
The expense associated with transporting goods from one location to another, including freight, handling, and packaging costs.
Holding Cost Rate
The annual cost per unit of holding an item in inventory, including storage, insurance, spoilage, theft, and other related costs.
Thunder Bay
A city in Ontario, Canada, known for its natural beauty and as a gateway to outdoor activities in the surrounding region.
Holding Cost Rate
The percentage of the value of inventory that is held as a cost for storing, insuring, and managing goods over a certain period.
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