Question 3 An electronics retailer would like to investigate the relationship between the selling price of a certain digital camera model and the demand for it. The accompanying table shows the weekly demand for the camera in one particular market along with the corresponding price. Demand Price 19 250 18 260 15 270 15 280 11 290 11 300 6 310 a) Determine the sample correlation coefficient between the selling price and the demand for this camera. b) Determine the coefficient of determination. c) At the 0.05 significance level is it reasonable to conclude that there is a significant relationship in the population between Demand and Price. d) What is the value of Y-intercept? Interpret the meaning of the Y- intercept, a for this problem. e) What is the value of the slope? Interpret the meaning of the slope, b for this problem. Write the regression equation for this problem from the output g) Predict the Demand if the price is $254