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
Question
need the correct solves asap plz
Problem 1
The owner of a second-hand car dealership wants to study the relationship between the age of
acar 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.
6.
2.8
4
5
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.
Transcribed Image Text:Problem 1 The owner of a second-hand car dealership wants to study the relationship between the age of acar 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. 6. 2.8 4 5 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.
Expert Solution
steps

Step by step

Solved in 3 steps with 2 images

Blurred answer
Recommended textbooks for you
Glencoe Algebra 1, Student Edition, 9780079039897…
Glencoe Algebra 1, Student Edition, 9780079039897…
Algebra
ISBN:
9780079039897
Author:
Carter
Publisher:
McGraw Hill
Big Ideas Math A Bridge To Success Algebra 1: Stu…
Big Ideas Math A Bridge To Success Algebra 1: Stu…
Algebra
ISBN:
9781680331141
Author:
HOUGHTON MIFFLIN HARCOURT
Publisher:
Houghton Mifflin Harcourt