r= -1/6. (The sign of r depends on the sign of regression coefficients. It takes the sign of the regression coefficients always)
Two duopolist firms, 1 and 2, sell a homogeneous good in a market with the demand function Q=100−2P, where Q is the quantity demanded at price P. Firm...
The two regression lines are 6X+4Y=52 and 12X+6Y=62. Find the correlation coefficient.
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