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Find the covariance and coefficient of correlation

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Reference no: EM132853001

A company collects the following sample data indicating the price and volume of sales of widgets.

Price: $6 $8 $10 Sales: 18 17 16

a) Find the covariance and coefficient of correlation.

b) Find the slope, y-intercept and least squares line. If Price is $20, what would the expected sales be?

Reference no: EM132853001

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