Best Buy would like to investigate the linear relationship between the selling price of a Canon PowerShot
Question:
Best Buy would like to investigate the linear relationship between the selling price of a Canon PowerShot digital camera and the demand for it. The following table shows the weekly demand for the camera in one particular market along with the corresponding price:
Demand Price ($) Demand Price ($)
16 300 11 340 19 310 12 350 14 320 8 360 13 330 Determine the sample correlation coefficient between the selling price and the demand for this camera.
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