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:
Empowerment
The process by which managers help others to acquire and use the power needed to make decisions affecting themselves and their work.
Coordination
The process of organizing activities and resources efficiently and effectively to achieve defined goals and objectives within an organization.
Direct Contact
The immediate, face-to-face interaction or communication between individuals, without the use of intermediaries or technology.
Organization Members
Individuals who belong to and participate in the functioning of an organization, including employees, managers, and stakeholders.
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