Write my essay on Shown below is a portion of acomputer output for a regression analysis relating Y (demand) and X…

Shown below is a portion of acomputer output for a regression analysis relating Y (demand) and X (unitprice).
ANOVA
 
 
 
df
SS
Regression
1
5048.818
Residual
46
3132.661
Total
47
8181.479
 
Coefficients
Standard Error
Intercept
80.390
3.102
X
-2.137
0.248

a.    Determine whether or not demand and unit price are related. Use α =  0.05.
 
b. Compute the coefficient of determination and  fully interpret its meaning.
Be very specific.
c. Compute the coefficient of correlation and  explain the relationship between demand and unit price.

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