The owner of Maumee Ford-Volvo wants to study the relationship between the age of a car...
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The owner of Maumee Ford-Volvo wants to study the relationship between the age of a car and its selling price. Listed below is a random sample of 12 used cars sold at the dealership during the last year. Age (years) Selling Price (5000) Car 6. 8.1 2. 6.0 11 3.6 12 4.0 5.0 10.0 7. 7.6 11 8.0 10 8.0 10 12 6.0 11 6. 8.6 12 8.0 Click here for the Excel Data Fle a. If we want to estimate selling price on the basis of the age of the car, which variable is the dependent varlable and which is the Independent variable? s the indepondent variable and is the dopendent variable b-1. Determine the correlation coefficient. (Negative amounts should be indicated by a minus sign. Round your answers to 3 decimal places.) 动 (y- (z - 2) (y - ) y. 9.0 8.1 1.192 0.007 1.420 0.099 7.0 6.0 -0.908 3.674 0.825 1.741 11.0 3.6 2.083 4.340 10.945 -6.892 12.0 4.0 3.083 9.507 8.458 -8.967 8.0 5.0 -0.917 -1.908 3.642 1.749 7.0 10.0 -1.917 3.092 9.558 -5.926 8.0 7.6 -e.917 0.692 0.840 -0.634 11.0 8.0 2.883 1.092 4.340 2.274 10.0 8.0 1.083 1.092 1.174 1.192 12.0 6.0 3.083 -৪.988 9.507 8.825 -4.934 1.692 1.092 6.0 8.6 -2.917 8.507 2.862 B.0 -2.917 8.507 1.192 -3.184 6.0 107.0 82.9 Sx = Sy-l b-2. Determine the coefficient of determination. (Round your answer to 3 decimal places.) Coofficient of determination b-2. Determine the coefficient of determination. (Round your answer to 3 decimel pleces.) Coofficient of determination c. Interpret the correlation coefficient. Does it surprise you that the correlation coefficient is negative? (Round your answer to the nearest whole number.) cofrelation between age of car and seling price So. %of the varabon in the selling price s explaned by the abon f he cr The owner of Maumee Ford-Volvo wants to study the relationship between the age of a car and its selling price. Listed below is a random sample of 12 used cars sold at the dealership during the last year. Age (years) Selling Price (5000) Car 6. 8.1 2. 6.0 11 3.6 12 4.0 5.0 10.0 7. 7.6 11 8.0 10 8.0 10 12 6.0 11 6. 8.6 12 8.0 Click here for the Excel Data Fle a. If we want to estimate selling price on the basis of the age of the car, which variable is the dependent varlable and which is the Independent variable? s the indepondent variable and is the dopendent variable b-1. Determine the correlation coefficient. (Negative amounts should be indicated by a minus sign. Round your answers to 3 decimal places.) 动 (y- (z - 2) (y - ) y. 9.0 8.1 1.192 0.007 1.420 0.099 7.0 6.0 -0.908 3.674 0.825 1.741 11.0 3.6 2.083 4.340 10.945 -6.892 12.0 4.0 3.083 9.507 8.458 -8.967 8.0 5.0 -0.917 -1.908 3.642 1.749 7.0 10.0 -1.917 3.092 9.558 -5.926 8.0 7.6 -e.917 0.692 0.840 -0.634 11.0 8.0 2.883 1.092 4.340 2.274 10.0 8.0 1.083 1.092 1.174 1.192 12.0 6.0 3.083 -৪.988 9.507 8.825 -4.934 1.692 1.092 6.0 8.6 -2.917 8.507 2.862 B.0 -2.917 8.507 1.192 -3.184 6.0 107.0 82.9 Sx = Sy-l b-2. Determine the coefficient of determination. (Round your answer to 3 decimal places.) Coofficient of determination b-2. Determine the coefficient of determination. (Round your answer to 3 decimel pleces.) Coofficient of determination c. Interpret the correlation coefficient. Does it surprise you that the correlation coefficient is negative? (Round your answer to the nearest whole number.) cofrelation between age of car and seling price So. %of the varabon in the selling price s explaned by the abon f he cr
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Answer rating: 100% (QA)
x x2 xx yy y2 xxy y y 9 81 0083 1192 0007 1421 0099 7 60 1917 0908 ... View the full answer
Related Book For
Statistical Reasoning for Everyday Life
ISBN: 978-0321817624
4th edition
Authors: Jeff Bennett, Bill Briggs, Mario F. Triola
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