A random sample of eight drivers insured with a company and having similar auto insurance policies...

  

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A random sample of eight drivers insured with a company and having similar auto insurance policies was selected. The following table lists their driving experiences (in years) and monthly auto insurance premiums. Driving Experience (years) - x Monthly Auto Insurance Premium (S)-y 5 64 2 87 12 9 15 6 25 50 71 44 56 42 60 a. What is the relationship between driving experience and monthly auto insurance Premium? b. Calculate the correlation coefficient (R) and interpret the result. 16 A random sample of eight drivers insured with a company and having similar auto insurance policies was selected. The following table lists their driving experiences (in years) and monthly auto insurance premiums. Driving Experience (years) - x Monthly Auto Insurance Premium (S)-y 5 64 2 87 12 9 15 6 25 50 71 44 56 42 60 a. What is the relationship between driving experience and monthly auto insurance Premium? b. Calculate the correlation coefficient (R) and interpret the result. 16 A random sample of eight drivers insured with a company and having similar auto insurance policies was selected. The following table lists their driving experiences (in years) and monthly auto insurance premiums. Driving Experience (years) - x Monthly Auto Insurance Premium (S)-y 5 64 2 87 12 9 15 6 25 50 71 44 56 42 60 a. What is the relationship between driving experience and monthly auto insurance Premium? b. Calculate the correlation coefficient (R) and interpret the result. 16 A random sample of eight drivers insured with a company and having similar auto insurance policies was selected. The following table lists their driving experiences (in years) and monthly auto insurance premiums. Driving Experience (years) - x Monthly Auto Insurance Premium (S)-y 5 64 2 87 12 9 15 6 25 50 71 44 56 42 60 a. What is the relationship between driving experience and monthly auto insurance Premium? b. Calculate the correlation coefficient (R) and interpret the result. 16

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