Family Sales in Period Income Pesos (millions) (thousands) 1 20 600 2 30 800 3 25 1,100 4 28 1,600 5 31 1,800 Consider the problem. As part of the operations team, the following are required to be answered: 1-2. What is the independent variable in the problem? a. family income 3-5. What is the correlation coefficient between the two variables? b. sales in peso c. period d. either a or b C. -0.56 d. -0.66 a. 0.56 6-7. What is the extent of relationship between the two variables? a. low b. 0.66 b. moderate c. high d. very high Q. 10 What is +he regression eguation in this case?

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