The following table shows the consumer price index (CPI) for the years 20132018. a) Determine the linear
Question:
The following table shows the consumer price index (CPI) for the years 2013–2018.
a) Determine the linear correlation coefficient, r, between the year and the CPI.
b) If 2013 is subtracted from each year, the table obtained becomes:
If r is calculated from these values, how will it compare with the r determined in part (a)? Explain.
c) Calculate r from the values in part (b) and compare the results with the value of r determined in part (a). Are they the same? If not, explain why.
Transcribed Image Text:
Year 2013 2014 2015 2016 2017 2018 CPI 233.0 236.7 237.0 240.0 245.1 251.1
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a b The values should be the same c The values are the same 62908 2243120...View the full answer
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Related Book For
A Survey Of Mathematics With Applications
ISBN: 9780135740460
11th Edition
Authors: Allen R. Angel, Christine D. Abbott, Dennis Runde
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