Order Size and Shipping Cost (n = 12) (a) Make a scatter plot of the data. What
Question:
(a) Make a scatter plot of the data. What does it suggest about the correlation between X and Y?
(b) Use Excel, MegaStat, or MINITAB to calculate the correlation coefficient.
(c) Use Excel or Appendix D to find t.025 for a two-tailed test at α =.05.
(d) Calculate the t test statistic.
(e) Can you reject ρ = 0?
Transcribed Image Text:
Orders (X) Ship Cost (Y) 1,068 1,026 767 885 1,156 1,146 892 938 769 4,489 5,611 3,290 4,113 4,883 5.425 4,414 5,506 3,346 3,673 6,542 5,088 1,174 1,009
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 72% (11 reviews)
a The scatter plot shows a positive correlation between orders and ship ...View the full answer
Answered By
ANDREW KIPRUTO
Academic Writing Expert
I have over 7 years of research and application experience. I am trained and licensed to provide expertise in IT information, computer sciences related topics and other units like chemistry, Business, law, biology, biochemistry, and genetics. I'm a network and IT admin with +8 years of experience in all kind of environments.
I can help you in the following areas:
Networking
- Ethernet, Wireless Airmax and 802.11, fiber networks on GPON/GEPON and WDM
- Protocols and IP Services: VLANs, LACP, ACLs, VPNs, OSPF, BGP, RADIUS, PPPoE, DNS, Proxies, SNMP
- Vendors: MikroTik, Ubiquiti, Cisco, Juniper, HP, Dell, DrayTek, SMC, Zyxel, Furukawa Electric, and many more
- Monitoring Systems: PRTG, Zabbix, Whatsup Gold, TheDude, RRDtoo
Always available for new projects! Contact me for any inquiries
4.30+
1+ Reviews
10+ Question Solved
Related Book For
Applied Statistics In Business And Economics
ISBN: 9780073521480
4th Edition
Authors: David Doane, Lori Seward
Question Posted:
Students also viewed these Statistics questions
-
Order Size and Shipping Cost (n = 12) (a) Use Excel's Data Analysis > Regression (or MegaStat or MINITAB) to obtain regression estimates. (b) Interpret the 95 percent confidence interval for the...
-
Order Size and Shipping Cost (n = 12) (a) Use Excel to make a scatter plot of the data. (b) Select the data points, right-click, select Add Trendline, select the Options tab, and choose Display...
-
For the following data: a. Make a scatter plot of y versus x. Is the relationship between x and y approximately linear, or is it nonlinear? b. Compute the natural logarithm of each y value. This is...
-
Question 4: Artistic Hand for engineering Services was formed on Jun 1, 2018. The following transactions took place during the month of Jun: I The owner invested $20,000 cash in business. 2 Hired an...
-
Let X be a random variable with pdf f(x) = kx2 where 0 < x < 1. (a) Find k. (b) Find E(X) and Var (X). (c) Find MX (t). Using the mgf, find E(X).
-
What does discretization mean in the finite element method?
-
Sheldon Products produces plastic containers through a blow-molding process. The company uses process costing because its products are generally homogeneous and are produced in large batches. Malachi...
-
Oki Products, Ltd., has observed the following processing costs at various levels of activity over the last 15 months: Required: 1. Prepare a scattergraph using the above data. Plot cost on the...
-
What piece of hardware connects a peripheral device like a keyboard or mouse to the system bus? 1 point a device driver a device controller a semaphore a network port
-
Andrew-Carter, Inc. (A-C), is a major Canadian producer and distributor of outdoor lighting fixtures. Its products are distributed throughout South and North America and have been in high demand for...
-
Regression analysis of free throws by 29 NBA teams during the 20022003 season revealed the fitted regression Y = 55.2 + .73X (R2 = .874, syx = 53.2), where Y = total free throws made and X = total...
-
In the following regression, X = weekly pay, Y = income tax withheld, and n = 35 McDonald's employees. (a) Write the fitted regression equation. (b) State the degrees of freedom for a two- tailed...
-
1. State the effect of a change in foreign real GDP on AD. 2. State the effect of a change in the value of a countrys currency on its AD curve. 3. Explain why there is a J-shaped relationship between...
-
Briefly describe the process of transforming a creative brief into a concept.
-
Describe in detail any two criteria associated with production and dissemination factors.
-
How is IMC different from traditional advertising?
-
Why can communications and interventions designed to scare their intended audience backfire? What types of messages is this approach useful for?
-
Define the role of out-of-home vehicles.
-
In Problems 1316, use a calculator to evaluate each expression. Round your answer to three decimal places. sec 229
-
What are three disadvantages of using the direct write-off method?
-
The table shows a random sample of 50 quantitative SAT scores of first-year students admitted at a university. Make an appropriate graph of the distribution of the data, and describe the...
-
The table below Exercise 2.30 shows the average lifespan for some mammals in years, according to infoplease.com. Graph these average lifespans and describe the distribution. What is a typical...
-
The histogram shows frequencies for the ages of 25 CEOs listed at Forbes.com. Convert this histogram to one showing relative frequencies by relabeling the vertical axis, with the appropriate relative...
-
Martin s Enterprise has been experiencing difficulties with respect to the competitiveness of the price that it charges to consumers. In January 2 0 2 1 , a market research team used demand and...
-
Choice Manufacturing has received an offer from swag inc. to purchase 2,000 units of its standard product at a price of $39 per unit. choices current production and sales is as follows: Units...
-
The North Carolina Education Lottery has a drawing for the PowerBall twice a week and each ticket costs $2. Chris considers buying a ticket for every drawing. At 4 weeks per month, he would be...
Study smarter with the SolutionInn App