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Calculate the coefficient of determination

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Reference no: EM131880663

The following data is of the age of an item and the associated price of that item. 

Age (yr)    5         4         6         5         5         5         6         6         2         7         7         

Price ($)   85       103     70       82       89       98       66       95       169     70       48

a. Calculate the correlation coefficient for this set of data.

b. Determine the regression equation for this set of data.

c. Calculate the coefficient of determination.

Reference no: EM131880663

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