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this is staistical inference ques. A marketing manager wants to determine the relationship between the price per dose of prescription drugs in the United States

this is staistical inference ques.

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A marketing manager wants to determine the relationship between the price per dose of prescription drugs in the United States and the price of the same dose in Australia. The data are shown. U.S price (x) 3.31 3.17 2 12 4.15 2.54 1.98 2.22 Australian price 1.29 1.75 0.82 10.83 1 32 10.84 10.82 Draw a scatter plot and compute the correlation coefficient. Determine the regression line equation. Calculate the coefficient of determination and also interpret it. (iv) Test the significance of regression coefficient at a=0.05. (Critical value =2.201)

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