a) Draw a scatter diagram and explain. b) Calculate Pearson's correlation coefficient and explain. c) Fit a regression line of demand on price and explain.
a) Draw a scatter diagram and explain. b) Calculate Pearson's correlation coefficient and explain. c) Fit a regression line of demand on price and explain. d) Estimate the demand when price is 50. e) Estimate the demand when price is 62. f) Interpret R2 = 0.97
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