Final answer:
To find the correlation and least-squares line from scatter plot data, follow these steps: draw the scatter plot, calculate the least-squares line, write the equation, plot the line, calculate correlation, and find the average CPI for a specific year.
Step-by-step explanation:
- Draw a scatter plot of the data.
- Calculate the least-squares line by finding the slope (b) and y-intercept (a).
- Write the equation in the form ลท = a + bx.
- Plot the regression line on the same scatter plot.
- Calculate the correlation coefficient to determine if it is significant.
- To find the average CPI for the year 1990, locate the point on the regression line corresponding to 1990, and read the y-coordinate value.