Problem 1 The owner of a second-hand car dealership wants to study the relationship between the age of a car and its selling price. Listed below is a random sample of 12 used cars sold at the dealership during the last year. Age (years) Price (thousand $) 8.1 7 11 12 8. 7 8. 11 10 12 6. 2.8 4 10 7.6 8 8.7 6 8.6 | 10.5 a. Draw a scatter diagram and comment the relation between the age of the car and its selling price. b. Determine the Pearson correlation coefficient and the coefficient of determination and interpret it.
Problem 1 The owner of a second-hand car dealership wants to study the relationship between the age of a car and its selling price. Listed below is a random sample of 12 used cars sold at the dealership during the last year. Age (years) Price (thousand $) 8.1 7 11 12 8. 7 8. 11 10 12 6. 2.8 4 10 7.6 8 8.7 6 8.6 | 10.5 a. Draw a scatter diagram and comment the relation between the age of the car and its selling price. b. Determine the Pearson correlation coefficient and the coefficient of determination and interpret it.
Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter4: Equations Of Linear Functions
Section: Chapter Questions
Problem 8SGR
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