An insurance company determines that a linear relationship exists between the cost of fire damage in majorresidential fıres and the distance from the house to the nearest fire station. A sample of 15 recent fires in alarge suburb of a major city was selected. For each fire, the following variables were recorded:x= the distance between the fire and the nearest fire station (in miles)y= cost of damage (in dollars)The distances between the fire and the nearest fire station ranged between 0.7 miles and 6.1 miles.The correlation between cost and distance is 0.961. Test if the correlation is significant at a=.10.O No, the correlation is not significant because 0.961 does not exceed the critical value.O Yes, the correlation is significant because 0.961 exceeds the critical value.No, the correlation is not significant because 0.961 exceeds the critical value.O Yes, the correlation is significant because 0.961 does not exceed the critical value.O No, the correlation is not significant because 0.961 is smaller than 1.

The level of significance is 0.10.

Answered: An insurance company determines that a…

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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