The following data give the average price received by

Last updated: 12/11/2023

The following data give the average price received by fishermen for several species of fish in 2000 and 2010 The price is in cents per pound Fish COD FLOUNDER HADDOCK MENHADEN PERCH CHINOOK COHO ALBACORE SOFT SHELLED CLAMS LOBSTERS AMERICAN SEA SCALLOPS SHRIMP Year 2000 Price x 13 1 15 3 25 8 1 8 4 9 55 4 39 3 26 7 47 5 94 7 135 6 47 6 a Create a regression equation for the data Year 2010 Price y 60 1 126 3 96 7 52 1 36 4 225 2 125 0 84 5 196 7 366 7 430 9 145 8 Round to 2 decimal places b What is the correlation coefficient between the 2000 and 2010 prices Round to 2 decimal places c If a type of fish was 41 3 cents per pound in 2000 how much would you expect to pay for it in 2010 c lbs Round to 1 decimal places