James Dobbins, maintenance supervisor for the Atlanta Transit Authority, would like to determine whether there is a

Question:

James Dobbins, maintenance supervisor for the Atlanta Transit Authority, would like to determine whether there is a positive relationship between the annual maintenance cost of a bus and its age. If a relationship exists, James feels that he can do a better job of predicting the annual bus maintenance budget. He collects the data shown in Table P-ll.
a. Plot a scatter diagram.
b. What kind of relationship exists between these two variables?
c. Compute the correlation coefficient.
James Dobbins, maintenance supervisor for the Atlanta Transit Authority, would
Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Business Forecasting

ISBN: 978-0132301206

9th edition

Authors: John E. Hanke, Dean Wichern

Question Posted: