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Question: Create a linear trend line model for the freshman applicants data at State University as follows

Year

Freshman App

Annual Tuition

1

6,050

$3,600

2

4,060

$3,600

3

5,200

$4,000

4

4,410

$4,400

5

4,380

$4,500

6

4,160

$5,700

7

3,560

$6,000

8

2,970

$6,000

9

3,280

$7,500

10

3,430

$8,000

Calculate the correlation coefficient for the linear trend line forecast & describe its meaning.

 

 

 

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