Use the scatterplot for color and price in Figure 7 2 a Insert a best fit line in the given scatterplot b Estimate or compute r and r 2 Based on your value for r 2 , determine how much of the variation in the variable can be accounted for by the best fit line c Briefly discuss whether you could make valid predictions from this best fit line

Question: Use the scatterplot for color and price in Figure 7.2. a. Insert a best-fit line in the given scatterplot. b. Estimate or compute r and

Use the scatterplot for color and price in Figure 7.2.

a. Insert a best-fit line in the given scatterplot.

b. Estimate or compute r and r². Based on your value for r², determine how much of the variation in the variable can be accounted for by the best-fit line.

c. Briefly discuss whether you could make valid predictions from this best-fit line.

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