a.Prepare a scatter plot of the data points.

b.determine the regression coefficients, b0 and b1.

Write a short explanation of the regression equation that tells the president how the equation can be used to describe his competitor. Include an indication of the range over which the equation can be applied. Choose the correct answer below. A. The equation tells the president that his competitor sells rugs with no distinct correlation to price. It cannot be used to predict rug sales. B. The equation tells the president that his competitor sells more rugs as the price increases. It can be used to predict sales for rugs at any price. c. The equation tells the president that his competitor sells more rugs as the price increases. It can be used to predict sales for rugs with a price between 2 and 7. D. The equation tells the president that his competitor sells less rugs as the price increases. It can be used to predict sales for rugs with a price between 2 and 7.