Question: A report on the average price of a sample of brand-name prescription drugs with their generic equivalents has found the generics to be considerably cheaper.
A report on the average price of a sample of brand-name prescription drugs with their generic equivalents has found the generics to be considerably cheaper. The drugs and the average prices for their brand-name versus generic versions are listed in data file XR03047. Generate a scatter diagram with axes of your choice, fit a linear equation to the data, then determine and interpret the coefficients of correlation and determination.
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The equation explains 7447 of the variation in the generic prices ... View full answer
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