Step 2 (A):

Having briefly examined the structure of the data, now we take a deeper look at the relationship between the variables. Knowing today's egg price per dozen, we first examine Egg Price and Cases. Take a deeper look at Egg.Pr vs Cases: Fit a SLR and create a data visualization with a fitted simple linear regression line. Are there some noticeable outliers? If so also add a fitted SLR to the data without including them to see if the line changes.

Question 3: Fill in the blank cells in the below table.

Question 4: Write out the regression model and interpret the slope coefficient in context.

Question 5: Does it appear that prices of eggs is useful in predicting the current week’s volume of egg sales? Explain your reasoning.

Question 6: What is the R2 value? Interpret this statistic.

Question 7: Create a data visualization with a fitted simple linear regression line. (1) Are there some noticeable outliers? If so, also add a fitted SLR to the data without including them to see if the line changes. (2) Finally, interpret your final data visualization. Copy and paste your final visualization below.