Determine the correlation coefficient

Assignment Help Basic Statistics

Reference no: EM1396277

A business owner considers the relationship between square footage and monthly sales.

Square footage, Sales (1,000s)

380 32

400 37

250 33

320 31

330 29

360 37

a. Determine the correlation coefficient.

b. Is there a strong relationship? If so determine the line of best fit.

c. Estimate what the sales should be for a 3000 square foot shop.

Reference no: EM1396277

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