Several bakeries in town were asked the price for different amounts of donuts in their shop. The scatter plot with a line of best fit was created from the data gathered.
Scatter plot included in picture.
Part A: Estimate the correlation coefficient. Explain your reasoning for the given value.
Part B: How many positive and negative residuals are there? Explain your reasoning.
Part C: Start with the point with the largest absolute value and interpret the point in terms of the context of the data.
