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The following data represent the number of Pen drives sold per day at a local
computer shop and their daily average sales prices after bargain.

Price of each pen drive
(x)
Units Sold
(y)
INR 340 3

360

4
320 6
350 5
300 9
380 2
400 1

Develop a least-squares regression line and explain what the slope of the line
indicates. Compute the coefficient of determination and comment on the
strength of relationship between x and y.

 
 May 21, 2017

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