Question: In this case, the computed sample correlation coefficient is -0.92498. This value is close to -1, indicating a strong negative correlation between the price and

In this case, the computed sample correlation coefficient is -0.92498. This value is close to -1, indicating a strong negative correlation between the price and the number of flash drives sold. This means that as the price of the flash drives increases, the number of flash drives sold tends to decrease, and vice versa. The strength of the correlation is determined by the absolute value of 'r'. The closer the absolute value of 'r' is to 1, the stronger the correlation. In this case, the absolute value of 'r' is 0.92498, which is close to 1, indicating a strong correlation. Therefore, the change in the number of flash drives sold is quite similar to the change in the price, but in the opposite direction. This is consistent with the law of demand in economics, which states that as the price of a product increases, the quantity demanded tends to decrease, all other things being equal

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