Question: Required information Problem 3-25 (Static) [The following information applies to the questions displayed below.] The manager of a seafood restaurant was asked to establish a

Required information Problem 3-25 (Static) [The following information applies to the questions displayed below.] The manager of a seafood restaurant was asked to establish a pricing policy on lobster dinners. Experimenting with prices produced the following data: Click here for the Excel Data File Problem 3-25 Part b (Static) . Determine the correlation coefficient and interpret it. (Include the negative sign, as appropriate, directly before the value. Enter jour " r " answer to 4 decimal places. Enter your first " r2 " answer as a proportion (between 0 and 1 ) and to 2 decimal places. Then enter the next answer as the percentage equivalent to the nearest whole number percent.) Required information Problem 3-25 (Static) [The following information applies to the questions displayed below.] The manager of a seafood restaurant was asked to establish a pricing policy on lobster dinners. Experimenting with prices produced the following data: Click here for the Excel Data File Problem 3-25 Part b (Static) . Determine the correlation coefficient and interpret it. (Include the negative sign, as appropriate, directly before the value. Enter jour " r " answer to 4 decimal places. Enter your first " r2 " answer as a proportion (between 0 and 1 ) and to 2 decimal places. Then enter the next answer as the percentage equivalent to the nearest whole number percent.)
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