Question

Determine if the correlation between the two given variables is likely to be positive or negative, or if they are not likely to display a linear relationship. The retail price of a particular laptop and the number of units sold at that price.

Answer 1

Answer:

Negative correlation

they display a linear relationship

Explanation:

According to the law of demand, the higher the price, the lower the quantity demanded and the lower the price, the higher the quantity demanded.

The higher the retail price, the lower the unit of laptops sold. These shows that the variables have a negative correlation. This is because the variables move in opposite directions.