Since we are given that the relationship between x and y
is linear. Therefore this means that the given equation takes the form of:
y = m x + b
where,
b is the y intercept of the equation
m is the slope of the equation
However we should take note that the slope m is directly
proportional to the coefficient of correlation. Since our coefficient of
correlation is negative, this only means that the value of y is decreasing with
increasing x, hence plot of y and x is descending with increasing x.
Furthermore, this also tells that for every 1 unit increase of x, there is a
0.75 units decrease of y.
First, you multiply $55.96 by $0.12 and you get $6.7152. Then, multiply $49.96 by $0.14 and you get $6.9944. If you subtract $69944-$6.7152 you get your answer which is $0.2792.
