The following data represent the number of flash drives sold per day at a local computer shop and their prices.
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.
Definitions:
Unconscionable Transactions Relief Act
Legislation providing remedies against agreements made under unfair conditions.
Protection
Measures or actions taken to guard against harm, damage, loss, or any unwanted outcome, often referring to safeguarding people, property, or interests.
Promissory Note
A written promise to pay a specified sum of money to another party under agreed terms at a specified time.
Bill of Exchange
A written, unconditional order by one party, directing another party to pay a specific sum of money to a third party on demand or at a set time.
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