The following data represent the demand (Y) of an item at a local shop and their price (X).
Use the data to determine the simple regression equation of price on demand if the correlation coefficient between x and y is -0.92.

Question

The following data represent the demand (Y) of an item at a local shop and their price (X).
  Use the data to determine the simple regression equation of price on demand if the correlation coefficient between x and y is -0.92.

Quizplus · Accepted Answer

The Answer of The following data represent the demand (Y) of an item at a local shop and their price (X).
  Use the data to determine the simple regression equation of price on demand if the correlation coefficient between x and y is -0.92.

The Following Data Represent the Demand (Y) of an Item