Several bakeries in a town were asked the price for different amounts of donuts at their...

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Several bakeries in a town were asked the price for different amounts of donuts at their shop. The scatter plot with a line of best fit was created from the data gathered. Donut Pricing Total Cost (in dollars) 8765432 1 0 01 2 34 5 6 7 8 Number of Donuts Part A: Estimate the correlation coefficient. Explain your reasoning for the given value. (4 points) Part B: How many positive and negative residuals are there? Explain your reasoning. (3 points) Part C: State the point with the largest absolute value residual and interpret the point in terms of the context of the data. (3 points) Several bakeries in a town were asked the price for different amounts of donuts at their shop. The scatter plot with a line of best fit was created from the data gathered. Donut Pricing Total Cost (in dollars) 8765432 1 0 01 2 34 5 6 7 8 Number of Donuts Part A: Estimate the correlation coefficient. Explain your reasoning for the given value. (4 points) Part B: How many positive and negative residuals are there? Explain your reasoning. (3 points) Part C: State the point with the largest absolute value residual and interpret the point in terms of the context of the data. (3 points)