The manager of a seafood restaurant was asked to establish a pricing policy on lobster dinners. Experimenting with prices produced the following data:Average NumberSold per Day, y Price, x Average Number Sold per Day, y Price, x200 $6.00 155 $8.25190 6.50 156 8.50188 6.75 148 8.75180 7.00 140 9.00170 7.25 133 9.25162 7.50160 8.00a. Plot the data and a regression line on the same graph.b. Determine the correlation coefficient and interpret it.
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