Complete the following instructions: i. Identify the independent and dependent variables. ii. Calculate and interpret the Pearson correlation coefficient r for the paired data. Be sure to indicate if the correlation is positive or negative, and whether it is strong, moderate, or weak, or if there does not appear to be any significant correlation. An LCBO employee compares the relationship between the price of 6 different vintage bottles of wine, and the number of those bottles that have been purchased in the last 3 months to see if there is a correlation between the number of bottles purchased and the price of the bottle. Number of Bottles of Wine Purchased in the Price of Wine Bottle ($) Last 3 Months 44 18 93 65 82 56 25 60 15 30 20 40
Complete the following instructions: i. Identify the independent and dependent variables. ii. Calculate and interpret the Pearson correlation coefficient r for the paired data. Be sure to indicate if the correlation is positive or negative, and whether it is strong, moderate, or weak, or if there does not appear to be any significant correlation. An LCBO employee compares the relationship between the price of 6 different vintage bottles of wine, and the number of those bottles that have been purchased in the last 3 months to see if there is a correlation between the number of bottles purchased and the price of the bottle. Number of Bottles of Wine Purchased in the Price of Wine Bottle ($) Last 3 Months 44 18 93 65 82 56 25 60 15 30 20 40
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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Transcribed Image Text:ext Predictions. On
Complete the following instructions:
i. Identify the independent and dependent variables.
ii. Calculate and interpret the Pearson correlation coefficient r for the paired data. Be
sure to indicate if the correlation is positive or negative, and whether it is strong,
moderate, or weak, or if there does not appear to be any significant correlation.
An LCBO employee compares the relationship between the price of 6 different vintage
bottles of wine, and the number of those bottles that have been purchased in the last 3
months to see if there is a correlation between the number of bottles purchased and
the price of the bottle.
Number of Bottles of
Wine Purchased in the Price of Wine Bottle ($)
Last 3 Months
Accessibility: Investigate
44
18
193
65
82
56
Search
25
60
15
30
20
40
Independent Variable:
(click to select)
L
ETT
SAMSUNG
I

Transcribed Image Text:ons: On
i.
Accessibility: Investigate
Search
Independent Variable:
(click to select)
Dependent Variable:
(click to select)
Pearson Correlation Coefficient ():
Round to 3 decimal places.
Correlation:
(click to select)
Correlation Strength:
(click to select)
W
Eft
SAMSUNG
F
I
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