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QUESTION 4 18 points Save 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. 179 176 8.2 8.1 7.8 6.2 7.6 6.9 8.9 192 179 160 a) x-independent variable. According to this problem, the Ex b) r is the cocefficient 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 instructors lecture, the correlation strength between any two variables can be described as strong, weak, or no correlation. The correlation strength for this problem can be described as correlation. Click Save and Submit to save and submit. Click Save All Answers to save all an Save All Answers Save and Su
d) According to the instructors lecture, the correlation strength between any two variables can be described as strong, weak, or no correlation. The correlation strength for this problem can be described as correlation e) According to the instructors lecture, the correlation direction between any two variables can be described as direct or indirect relationship. The correlation direction for this problem can be described as relationship f) Regardless, you were told to use the Associative Forecasting method to predict the expected lobster sale. If the lobster price $8.58, the expected #s of lobster sold (round to the next whole #).
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