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(a) Construct a scatter plot of the price of milk (y)  versus the price of eggs (x) . (b) Compute the correlation coefficient between the price of eggs and the price of milk. (c) In a month where the price of eggs is above average, would you expect the price of milk to be above average or below average? Explain. (d) Which of the following is the best interpretation of the correlation coefficient?

(a) Construct a scatter plot of the price of milk (y)  versus the price of eggs (x) . (b) Compute the correlation coefficient between the price of eggs and the price of milk. (c) In a month where the price of eggs is above average, would you expect the price of milk to be above average or below average? Explain. (d) Which of the following is the best interpretation of the correlation coefficient?

MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
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(a) Construct a scatter plot of the price of milk (y)

 versus the price of eggs (x)

.

(b) Compute the correlation coefficient between the price of eggs and the price of milk.

(c) In a month where the price of eggs is above average, would you expect the price of milk to be above average or below average? Explain.

(d) Which of the following is the best interpretation of the correlation coefficient?

Price of eggs and milk: The following table presents the average price in dollars for a dozen eggs and a gallon of milk for each month from February through September 2009. Use the TI-84 Plus calculator to answer the following. Dozen Eggs 1.65 1.69 1.80 2.01 1.77 1.88 1.67 1.96 Send data to Excel Part: 0 / 4 Part 1 of 4 of Milk (dollars) (a) Construct a scatter plot of the price of milk (y) versus the price of eggs (x). 3.6+ 3.58+ 3.56+ 3.54+ 3.52 3.5+ Gallon of Milk 3.54 3.43 3.52 3.58 3.50 3.40 3.47 3.47 3.48+ X Œ
Transcribed Image Text:Price of eggs and milk: The following table presents the average price in dollars for a dozen eggs and a gallon of milk for each month from February through September 2009. Use the TI-84 Plus calculator to answer the following. Dozen Eggs 1.65 1.69 1.80 2.01 1.77 1.88 1.67 1.96 Send data to Excel Part: 0 / 4 Part 1 of 4 of Milk (dollars) (a) Construct a scatter plot of the price of milk (y) versus the price of eggs (x). 3.6+ 3.58+ 3.56+ 3.54+ 3.52 3.5+ Gallon of Milk 3.54 3.43 3.52 3.58 3.50 3.40 3.47 3.47 3.48+ X Œ
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