3. New car price and used (1 year old) car price for the same model (thousands of dollars): Model A Model B Model C Model D Model E 33.4 36.1 44.5 New price X 47.8 Used (1 year) 42.2 price Y 32.1 29.8 31.1 32.0 42.3 a. Using Excel find the value of the correlation coefficient. Ans.

MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
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b. Using Excel find the equation of the least squares line.
Ans.
Transcribed Image Text:b. Using Excel find the equation of the least squares line. Ans.
3. New car price and used (1 year old) car price for the same
model (thousands of dollars):
Model A Model B Model C Model D Model E
44.5
47.8
32.1
33.4
36.1
New price X
Used (1 year) 42.2
price Y
29.8
31.1
32.0
42.3
a. Using Excel find the value of the correlation coefficient.
Ans.
Transcribed Image Text:3. New car price and used (1 year old) car price for the same model (thousands of dollars): Model A Model B Model C Model D Model E 44.5 47.8 32.1 33.4 36.1 New price X Used (1 year) 42.2 price Y 29.8 31.1 32.0 42.3 a. Using Excel find the value of the correlation coefficient. Ans.
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