A study was conducted to determine if there was a relationship between the prices a non-member of a club paid for various publications and the prices that a member paid for the same publications. The data gathered is shown below. Table 7 Non-member Member Price Price 58 42 46 32 25 75 32 22 20 16 19 58 35 63 34 48

MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
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i) Compute the correlation coefficient

ii) What is the critical value at 5% significance level if the study wants to test the significance of the relationship between non-member price and member price?

iii) Compute the test statistic to test the significance of the relationship between non-member price and member price

A study was conducted to determine if there was a relationship between the prices a
non-member of a club paid for various publications and the prices that a member paid for
the same publications. The data gathered is shown below.
Table 7
Non-member Member Price
Price
58
32
42
22
46
20
32
16
25
19
75
58
35
34
63
48
Transcribed Image Text:A study was conducted to determine if there was a relationship between the prices a non-member of a club paid for various publications and the prices that a member paid for the same publications. The data gathered is shown below. Table 7 Non-member Member Price Price 58 32 42 22 46 20 32 16 25 19 75 58 35 34 63 48
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