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Oil and Gas Prices The average gasoline price per gallon (in cities) and the cost of a barrel of oil are shown for a random selection of weeks from 2009 -2010. Is there a linear relationship between the variables? Oil ($)           84.32 , 58.93 , 56.44 , 73.38 , 50.66 , 47.73            Gasoline ($)  2.976 , 2.516 , 2.677 , 2.728 , 2.360 , 2.420   Draw the scatter plot for the variables. Compute the value of the correlation coefficient r= state the hypothesis h0: h1:  critical value(s) reject or accept the null hypothesis Give a brief explanation of the type of relationship

Oil and Gas Prices The average gasoline price per gallon (in cities) and the cost of a barrel of oil are shown for a random selection of weeks from 2009 -2010. Is there a linear relationship between the variables? Oil ($)           84.32 , 58.93 , 56.44 , 73.38 , 50.66 , 47.73            Gasoline ($)  2.976 , 2.516 , 2.677 , 2.728 , 2.360 , 2.420   Draw the scatter plot for the variables. Compute the value of the correlation coefficient r= state the hypothesis h0: h1:  critical value(s) reject or accept the null hypothesis Give a brief explanation of the type of relationship

MATLAB: An Introduction with Applications
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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Oil and Gas Prices The average gasoline price per gallon (in cities) and the cost of a barrel of oil are shown for a random selection of weeks from 2009 -2010. Is there a linear relationship between the variables?

Oil ($)           84.32 , 58.93 , 56.44 , 73.38 , 50.66 , 47.73           
Gasoline ($)  2.976 , 2.516 , 2.677 , 2.728 , 2.360 , 2.420

 

Draw the scatter plot for the variables.

Compute the value of the correlation coefficient

r=

state the hypothesis

h0:

h1: 

critical value(s)

reject or accept the null hypothesis

Give a brief explanation of the type of relationship
            

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