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Suppose you have collected the following sample data from twenty-six randomly selected Dallas area families regarding their Weekly Expenditures on Video Rentals and Weekly Expenditures on Dining Out:
Observation Number
Weekly Expenditures
Video Rentals
Dining Out
1
$12
$28
2
$27
3
$6
$32
4
$13
5
$7
$25
6
$10
$24
7
$8
8
$4
$20
9
10
$35
11
$5
$30
12
$9
$22
13
$31
14
15
16
$34
17
$14
$36
18
19
$29
20
$18
$42
21
$15
$41
22
$26
23
24
$40
25
$11
$21
26
Problem 1: What is the relationship between weekly expenditures of video rentals and dining out?
Problem 2: If you were to reach out to these households, what other data would you be interested in collecting in order to understand their consumption behavior?
Problem 3: What other types of products do you think these families would be interested in?
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