2. A used car depot wants to study the relationship between the age of a car and its selling price. Listed is a random sample of 9 cars sold at the depot during the last 3 months. Car 2 3 4 5 7 8 9 2.5 Age (years) 3 8 10 6 7 5.5 4 Selling Price (P000) 350 320 170 120 280 190 250 300 400 1 4 6 Determine the coefficient of correlation using spearman rank correlation and test the significance at 0.01.

MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
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Answer the following problems. Apply the different steps in hypothesis testing.
2. A used car depot wants to study the relationship between the age of a car and its selling
price. Listed is a random sample of 9 cars sold at the depot during the last 3 months.
`1
Car
2 3 4 5
8 10 6
7 8 9
5.5 4 2.5
3
4
7
Age (years)
Selling Price (P000) 350 320 170 120 280 190 250 300 400
6
Determine the coefficient of correlation using spearman rank correlation and test the
significance at 0.01.
Transcribed Image Text:Answer the following problems. Apply the different steps in hypothesis testing. 2. A used car depot wants to study the relationship between the age of a car and its selling price. Listed is a random sample of 9 cars sold at the depot during the last 3 months. `1 Car 2 3 4 5 8 10 6 7 8 9 5.5 4 2.5 3 4 7 Age (years) Selling Price (P000) 350 320 170 120 280 190 250 300 400 6 Determine the coefficient of correlation using spearman rank correlation and test the significance at 0.01.
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