Correlation between Price and Depreciation in Automobiles The data in CarDepreciation contains information on both New price and Depreciation for a sample of 20 automobile models. Click here for the dataset associated with this question. Click here to access StatKey. (a) Find the correlation between New price and Depreciation from the original sample of 20 automobiles. Round your answer to three decimal places. r = (b) Use StatKey or other technology to create a bootstrap distribution of correlations and report the standard error. Round your answer to two decimal places. Standard error = i (c) Using the standard error, create a 95% confidence interval for the correlation between New price and Depreciation of automobile models. Round your answers to two decimal places. The interval is i to i

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Car
Mazda3
Buick Encore
Toyota Corolla
Chrevolet Tahoe
Chrevolet Equinox
Ford Fiesta
BMW 528i
Mitsubishi Mirage
GMC Yukon
Dodge Dart
Honda Accord Hybrid
Audi Q5
Hyundai Elantra
Kia Sedona
Dodge Grand Caravan
Lexus CT
Lincoln MKZ Hybrid
Mercedez-Benz E-Class
Scion tC
MINI Countryman
New
Used Depreciation
17956
15326
23633
21498
16091
14761
45489
43463
21596
19149
14246
12220
46227
44582
14013
11603
47295
45635
16139
13880
27124
25008
37521
35579
16807
14876
25710
22178
21337 17390
30743
27182
33522
30892
47178
19748
25130
42956
18697
23513
2630
2135
1330
2026
2447
2026
1645
2410
1660
2259
2116
1942
1931
3532
3947
3561
2630
4222
1051
1617
Transcribed Image Text:Car Mazda3 Buick Encore Toyota Corolla Chrevolet Tahoe Chrevolet Equinox Ford Fiesta BMW 528i Mitsubishi Mirage GMC Yukon Dodge Dart Honda Accord Hybrid Audi Q5 Hyundai Elantra Kia Sedona Dodge Grand Caravan Lexus CT Lincoln MKZ Hybrid Mercedez-Benz E-Class Scion tC MINI Countryman New Used Depreciation 17956 15326 23633 21498 16091 14761 45489 43463 21596 19149 14246 12220 46227 44582 14013 11603 47295 45635 16139 13880 27124 25008 37521 35579 16807 14876 25710 22178 21337 17390 30743 27182 33522 30892 47178 19748 25130 42956 18697 23513 2630 2135 1330 2026 2447 2026 1645 2410 1660 2259 2116 1942 1931 3532 3947 3561 2630 4222 1051 1617
Correlation between Price and Depreciation in Automobiles
The data in CarDepreciation contains information on both New price and Depreciation for a sample of 20 automobile models.
Click here for the dataset associated with this question.
Click here to access StatKey.
(a) Find the correlation between New price and Depreciation from the original sample of 20 automobiles.
Round your answer to three decimal places.
r = i
(b) Use StatKey or other technology to create a bootstrap distribution of correlations and report the standard error.
Round your answer to two decimal places.
Standard error = i
(c) Using the standard error, create a 95% confidence interval for the correlation between New price and Depreciation of automobile
models.
Round your answers to two decimal places.
The interval is i
to i
Transcribed Image Text:Correlation between Price and Depreciation in Automobiles The data in CarDepreciation contains information on both New price and Depreciation for a sample of 20 automobile models. Click here for the dataset associated with this question. Click here to access StatKey. (a) Find the correlation between New price and Depreciation from the original sample of 20 automobiles. Round your answer to three decimal places. r = i (b) Use StatKey or other technology to create a bootstrap distribution of correlations and report the standard error. Round your answer to two decimal places. Standard error = i (c) Using the standard error, create a 95% confidence interval for the correlation between New price and Depreciation of automobile models. Round your answers to two decimal places. The interval is i to i
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