Question: Consider the population of 200 weekly observations that are presented in Table P- 13. The independent variable X is the average weekly temperature of Spokane.

Consider the population of 200 weekly observations that are presented in Table P- 13. The independent variable X is the average weekly temperature of Spokane. Washington. The dependent variable Y is the number of shares of Sunshine Mining Stock traded on the Spokane exchange in a week. Randomly select data for 16 weeks and compute the coefficient of correlation. (Hint: Make sure your sample is randomly drawn from the population.) Then determine the least squares line and forecast Y for an average weekly temperature of 63.

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