We are interested in determining the relationship between daily supply (y) and the unit price (x) for a particular item. A sample of ten days supply and associated price resulted in the following data. 
a.Develop the least square estimated regression equation.
b.Compute the coefficient of determination and fully explain its meaning.
c.At 0.05, perform a t-test and determine if the slope is significantly different from zero.
Definitions:
Budget Allocation
The process of distributing available financial resources among different departments, projects, or sectors within an organization or government.
Utility Maximized
The point at which a consumer achieves the highest level of satisfaction possible, given their budget constraints and the prices of goods and services.
Price of Goods
The amount of money required to purchase a particular good or service in a market.
Revealed Preference Analysis
An economic theory assuming that the choices made by individuals reveal their preferences and the value they assign to those choices, used primarily in consumer behavior analysis.
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