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. A researcher for a gasoline retailer examines the relationship between the volume of gasoline purchased in kL(i.e. 1000 L) compared to the price of gasoline (in $/L), over a course of several days, to see if there is a correlation between the data: Amount of Gasoline Purchased Price of Gasoline 2.257 1.079 3.126 1.015 2.793 1.046 4.671 0.973 2.137 1.021 5.916 0.939 2.775 0.995 4.88 0.927 3.162 0.964 7.498 0.899 2.971 0.982 3.596 0.945 1.372 1.129 3.961 1.059 i. Independent Variable:       Dependent Variable:     ii. Pearson correlation coefficient (r):     Round to 3 decimal places.=   Correlation: ?       Correlation Strength:?

A First Course in Probability (10th Edition)
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Chapter1: Combinatorial Analysis
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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.
A researcher for a gasoline retailer examines the relationship between the volume of gasoline purchased in kL(i.e. 1000 L) compared to the price of gasoline (in $/L), over a course of several days, to see if there is a correlation between the data:
Amount of Gasoline Purchased Price of Gasoline
2.257 1.079
3.126 1.015
2.793 1.046
4.671 0.973
2.137 1.021
5.916 0.939
2.775 0.995
4.88 0.927
3.162 0.964
7.498 0.899
2.971 0.982
3.596 0.945
1.372 1.129
3.961 1.059
i. Independent Variable:
 
 
  Dependent Variable:
 
 
ii. Pearson correlation coefficient (r):
 
 
Round to 3 decimal places.=
  Correlation: ?
 
 
  Correlation Strength:?
 
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