The price of a deep freezer and size of the deep freezer at Mongu Habour in Western Province of Zambia are of interest to a Fish agent which collected the information below:

Price (K,000)	41	55	50	45	52	48	47
Size (m2)	200	800	600	300	700	500	400

1. Draw a scatter diagram for the data and comment on the relationship
2. estimate the regression equation using the least squares method
3. explain the meaning of the slope
4. Estimate the price of a stand whose size is 290m²
5. Calculate Pearson's correlation coefficient and comment on the relationship.