The following data includes the year, make, model, mileage (in thousands of miles) and asking price (in US dollars) for each of 13 used Honda Odyssey minivans. The data was collected from the Web site of the Seattle P-I on April 25, 2005. year make model mileage  price 2004 Honda  Odyssey EXL    20 26900 2004 Honda Odyssey EX  21 23000 2002 Honda Odyssey  33 17500 2002 Honda Odyssey  41 18999 2001 Honda Odyssey EX  43 17200 2001 Honda Odyssey EX  67 18995 2000 Honda Odyssey LX  46 13900 2000 Honda Odyssey EX  72 15250 2000 Honda Odyssey EX  82 13200 2000 Honda Odyssey  99 11000 1999 Honda Odyssey  71 13900 1998 Honda Odyssey  85  8350 1995 Honda Odyssey EX 100  5800 Compute the correlation between mileage and price for these minivans. (Assume the correlation conditions have been satisfied and round your answer to the nearest 0.001.)

MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
icon
Related questions
Question

The following data includes the year, make, model, mileage (in thousands of miles) and asking price (in US dollars) for each of 13 used Honda Odyssey minivans. The data was collected from the Web site of the Seattle P-I on April 25, 2005.

year make model mileage  price
2004 Honda  Odyssey EXL    20 26900
2004 Honda Odyssey EX  21 23000
2002 Honda Odyssey  33 17500
2002 Honda Odyssey  41 18999
2001 Honda Odyssey EX  43 17200
2001 Honda Odyssey EX  67 18995
2000 Honda Odyssey LX  46 13900
2000 Honda Odyssey EX  72 15250
2000 Honda Odyssey EX  82 13200
2000 Honda Odyssey  99 11000
1999 Honda Odyssey  71 13900
1998 Honda Odyssey  85  8350
1995 Honda Odyssey EX 100  5800



Compute the correlation between mileage and price for these minivans. (Assume the correlation conditions have been satisfied and round your answer to the nearest 0.001.)

Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 2 steps with 2 images

Blurred answer
Knowledge Booster
Linear Equations
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, statistics and related others by exploring similar questions and additional content below.
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
Statistics
ISBN:
9781119256830
Author:
Amos Gilat
Publisher:
John Wiley & Sons Inc
Probability and Statistics for Engineering and th…
Probability and Statistics for Engineering and th…
Statistics
ISBN:
9781305251809
Author:
Jay L. Devore
Publisher:
Cengage Learning
Statistics for The Behavioral Sciences (MindTap C…
Statistics for The Behavioral Sciences (MindTap C…
Statistics
ISBN:
9781305504912
Author:
Frederick J Gravetter, Larry B. Wallnau
Publisher:
Cengage Learning
Elementary Statistics: Picturing the World (7th E…
Elementary Statistics: Picturing the World (7th E…
Statistics
ISBN:
9780134683416
Author:
Ron Larson, Betsy Farber
Publisher:
PEARSON
The Basic Practice of Statistics
The Basic Practice of Statistics
Statistics
ISBN:
9781319042578
Author:
David S. Moore, William I. Notz, Michael A. Fligner
Publisher:
W. H. Freeman
Introduction to the Practice of Statistics
Introduction to the Practice of Statistics
Statistics
ISBN:
9781319013387
Author:
David S. Moore, George P. McCabe, Bruce A. Craig
Publisher:
W. H. Freeman