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Question 5 (30 points} You are examining the relationship between price and the size of a fancy coffee drink. The 8 ounce drink costs $2.95,
Question 5 (30 points} You are examining the relationship between price and the size of a fancy coffee drink. The 8 ounce drink costs $2.95, the 12 ounce drink costs $335, the 16 ounce drink costs $4.45, and the 24 ounce drink is $4.95. Answer the following questions: A) Create a scatterplot of cost versus size. Which is the explanatoryr variable? B} Would you describe the relationship as positive or negative? C) What is the correlation coefficient? D) Using "cost" and "size" as your variables {as in cost = 1'5"size +4}, what is the linear regression equation? E} What is the predicted cost of the 16 ounce drink? F} What is the residual for the 16 ounce drink
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