# Question: Pennsylvania Refining Company is studying the relationship between the pump

Pennsylvania Refining Company is studying the relationship between the pump price of gasoline and the number of gallons sold. For a sample of 20 stations last Tuesday, the correlation was .78. At the .01 significance level, is the correlation in the population greater than zero?

**View Solution:**## Answer to relevant Questions

A study of 20 worldwide financial institutions showed the correlation between their assets and pretax profit to be .86. At the .05 significance level, can we conclude that there is positive correlation in the population?Refer to Exercise 6. The regression equation is yˆ = 11.18 – 0.49x, the sample size is 12, and the standard error of the slope is 0.23. Use the .05 significance level. Can we conclude that the slope of the regression line ...Given the following ANOVA table:a. Determine the coefficient of determination.b. Assuming a direct relationship between the variables, what is the correlation coefficient?c. Determine the standard error ofestimate.For a sample of 32 large U.S. cities, the correlation between the mean number of square feet per office worker and the mean monthly rental rate in the central business district is 2.363. At the .05 significance level, can we ...In a multiple regression equation, two independent variables are considered, and the sample size is 25. The regression coefficients and the standard errors are as follows.b1 = 2.676 sb1 = 0.56b2 = 20.880 sb2 = ...Post your question