Question

41) Chapter 3 The manager of a seafood restaurant was asked to establish a pricing policy on lobster dinners. The manager intends to use the pricing S/LB to predict the lobster sales on each day. The pertinent historical data are collected as shown in the table. Anaswer the following questions. Day Lobster Sold/dayPrice (S/Tb.) 179 8.2 176 192 179 7.8 7.6 160 8.9 b) r is the coeefficient of correlation. Use the r equation to compute the value of the denominator part of the equation. The value for the r denominator- (in 4 decimal places) c) According to this problem, the correlation of coefficient, r, between the two most pertinent variables is- (in 4 decimal places). d) According to the instructor's lecture, the correlation strength strong, weak, or no correlation. The correlation strength for this problem can be described as any two variables can be described as direct or indirect relationship. The correlation direction for this problem can be described as

Answer 1