Question: a. Use a 0.05 significance level to test for a linear correlation between consumption and price. b. What percentage of the variation in price can

a. Use a 0.05 significance level to test for a linear correlation between consumption and price.

b. What percentage of the variation in price can be explained by the linear relationship between price and consumption?

c. Find the equation of the regression line that expresses consumption (y) in terms of price (x).

d. What is the best predicted consumption amount if the price is $1.38?

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