Question: A researcher is interested in determining whether there is a relationship between price and demanded for her Firm. Price(X)=2,3,4,5,6,7,8,9,10,11,10 Demanded(Y)= 100,90,80,78,72,69,71,68,60,50,49 Write the regression equation.

A researcher is interested in determining whether there is a relationship between price and demanded for her Firm.

Price(X)=2,3,4,5,6,7,8,9,10,11,10

Demanded(Y)= 100,90,80,78,72,69,71,68,60,50,49

Write the regression equation.

What is the correlation of coefficient?

What is r- square( coefficient of determination)

Draw a conclusion

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