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12 points the manager of a seafood restaurant was asked...

Question: 12 points the manager of a seafood restaurant was asked...

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(12 points) The manager of a seafood restaurant was asked to establish a pricing policy on lobster dinners. Experimenting with prices produced the following data: 3. Average Observation Price number sold 6.00 6.50 6.75 7.00 7.25 7.75 8.00 8.25 8.50 8.75 9.00 9.25 158 159 154 4 131 129 118 113 114 105 10 12 79 a. (2 points) Plot the graph for the relationship between price and number of dinners sold. (Hint b. (3 points) Determine the square of the correlation coefficient. Does it appear that a relationship c. (3 points) what is the value of correlation? Is there a positive or negative correlation? Is there a Use scatter plot.) between these variables will yield good predictions? Explain. strong or weak correlation between the two variables? d. (2 points) Obtain a regression line for the data e. (2 points) Predict the expected lobster dinner sales, given the price is $7.50

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