Price of eggs and milk: The following table presents the average price in dollars for a dozen eggs and a gallon of milk for each month from April through November 2011. Dozen Eggs Gallon of Milk 1.88 3.43 1.80 3.47 1.94 3.58 1.96 3.58 1.67 3.40 1.96 3.47 1.83 3.50 2.01 3.52

MATLAB: An Introduction with Applications
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ISBN:9781119256830
Author:Amos Gilat
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Chapter1: Starting With Matlab
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Answer both questions according to the table, multiple choice.
Price of eggs and milk: The following table presents the average price in dollars for a dozen eggs and a gallon of milk for each
month from April through November 2011.
Dozen Eggs
Gallon of Milk
1.88
3.43
1.80
3.47
1.94
3.58
1.96
3.58
1.67
3.40
1.96
3.47
1.83
3.50
2.01
3.52
Send data to Excel
Transcribed Image Text:Price of eggs and milk: The following table presents the average price in dollars for a dozen eggs and a gallon of milk for each month from April through November 2011. Dozen Eggs Gallon of Milk 1.88 3.43 1.80 3.47 1.94 3.58 1.96 3.58 1.67 3.40 1.96 3.47 1.83 3.50 2.01 3.52 Send data to Excel
Part 2 of 4
(b) Compute the correlation coefficient between the price of eggs and the price of milk. Round the answer to at least three
decimal places.
The correlation coefficient is r=
(c) In a month where the price of eggs is above average, would you expect the price of milk to be above average or below
average? Explain.
I would expect the price of milk to be (Choose one) v average since r is
above
(Choose one) ▼
below
positive
negative
Transcribed Image Text:Part 2 of 4 (b) Compute the correlation coefficient between the price of eggs and the price of milk. Round the answer to at least three decimal places. The correlation coefficient is r= (c) In a month where the price of eggs is above average, would you expect the price of milk to be above average or below average? Explain. I would expect the price of milk to be (Choose one) v average since r is above (Choose one) ▼ below positive negative
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