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The following data was obtained from a simple random sample of prices of vehicles: Perform a hypothesis test at the 1% significance level to determine if age and price of cars are negatively correlated. Age(Years): 5, 4, 6, 5, 5, 5, 6, 6, 2, 7, 7, 8, 9, 10, 11, 12, 13 Price(Hundreds): 85, 103, 70, 82, 89, 98, 66, 95, 169, 70, 48, 50, 45, 55, 40, 100, 110 a) Define Parameters, Null and alternative Hypothesis b) Test Statistics c) Critical value approach d) Conclusion

The following data was obtained from a simple random sample of prices of vehicles: Perform a hypothesis test at the 1% significance level to determine if age and price of cars are negatively correlated. Age(Years): 5, 4, 6, 5, 5, 5, 6, 6, 2, 7, 7, 8, 9, 10, 11, 12, 13 Price(Hundreds): 85, 103, 70, 82, 89, 98, 66, 95, 169, 70, 48, 50, 45, 55, 40, 100, 110 a) Define Parameters, Null and alternative Hypothesis b) Test Statistics c) Critical value approach d) Conclusion

MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
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The following data was obtained from a simple random sample of prices of vehicles:

Perform a hypothesis test at the 1% significance level to determine if age and price of cars are negatively correlated.

Age(Years): 5, 4, 6, 5, 5, 5, 6, 6, 2, 7, 7, 8, 9, 10, 11, 12, 13

Price(Hundreds): 85, 103, 70, 82, 89, 98, 66, 95, 169, 70, 48, 50, 45, 55, 40, 100, 110

a) Define Parameters, Null and alternative Hypothesis

b) Test Statistics

c) Critical value approach

d) Conclusion

 

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