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A small manufacturing company is concerned about delinquent accounts. A random sample of the…

A small manufacturing company is concerned about delinquent
accounts. A random sample of the delinquent accounts receivable gave the
following information about the size of the accounts, in hundreds of dollars,
and the number of days overdue:

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a. Plot a scatter diagram.

b. Calculate the least squares regression line to predict
the number of days that a delinquent account will be overdue.

c. Calculate the correlation coefficient.

d. Test for independence. Calculate the P-value.

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