Final answer:
The equation of the line of best fit is y = x - 0.5, and the correlation coefficient is not provided in the given information.
Step-by-step explanation:
The equation of the best-fit line is y = x - 0.5. To find the equation of the line of best fit, we calculate the slope and y-intercept using the least-squares method. The slope represents the rate of change, and the y-intercept gives the starting point. Since the slope is 1 and the y-intercept is -0.5, the equation of the line is y = x - 0.5.