A company collects the data in Table A.12. Find the regression line and interpret its

Chapter 0, Problem 10

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A company collects the data in Table A.12. Find the regression line and interpret its slope. Sketch the data and the line. What is the correlation coefficient? Why is the value you get reasonable? Table A.12 Cost to produce various quantities of a product q (quantity in units) 25 50 75 100 125 C (cost in dollars) 500 625 689 742 893

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