The following table lists the ages (in years) and the prices (in thousands of dollars) of a sample of six houses.Age Price271651518220535161718018161What is the value of the correlation coefficient?

Solution-: Let, X-Age (in years) and -Price (thousands of dollars) We find the correlation…

Answered: The following table lists the ages (in…

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

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The following data represents the grades of a sample of 12 students instatistics and economics as followsStatistics grade A C B B D B F F D C B CEconomic Grade B F C B C A C F B B A CCalculate the correlation between the student's grade in Statistics and Economics.What its type and strength.
A magazine tested LCD televisions. The table below shows the overall quality score and cost in hundreds of dollars. Use the rank correlation coefficient to test for a correlation between the two variables. Use a significance level of x=0.01. Based on these results, can you expect to get higher quality by purchasing a more expensive LCD television? Quality 78 77 73 71 68 65 64 62 Cost 26 29 36 23 21 10 62 59 55 12 10 21 26 23 Click the icon to view the critical values of Spearman's rank correlation coefficient. Determine the null and alternative hypotheses for this test. Choose the correct answer below. O A. Ho: rs = 0 OB. Ho: Ps #0 H₁: Ps=0 H₁: rs #0 OC. Ho: Ps = 0 H₁: Ps #0 C Determine the correlation coefficient. rs = (Round to three decimal places as needed.) Determine the critical value(s) of the correlation coefficient. O D. Ho: rs #0 H₁: rs=0 (Round to three decimal places as needed. Use a comma to separate answers as needed.) Choose the correct answer below. A. Reject the null…
A magazine tested LCD televisions. The table below shows the overall quality score and cost in hundreds of dollars. Use the rank correlation coefficient to test for a correlation between the two variables. Use a significance level of x = 0.05. Based on these results, can you expect to get higher quality by purchasing a more expensive LCD television? Quality 76 74 71 70 69 68 65 62 62 60 59 Cost 27 24 12 11 21 27 30 38 24 21 11 Click the icon to view the critical values of Spearman's rank correlation coefficient. Determine the null and alternative hypotheses for this test. Choose the correct answer below. OA. Ho: rs = 0 OB. Ho: rs #0 H₁: rs =0 H₁: rs #0 O C. Ho: Ps #0 H₁: Ps=0 Determine the correlation coefficient. 's (Round to three decimal places as needed.) Determine the critical value(s) of the correlation coefficient. D. Ho: Ps=0 H₁: Ps #0 (Round to three decimal places as needed. Use a comma to separate answers as needed.) Choose the correct answer below. O A. Fail to reject the…
Let x be the average number of employees in a group health insurance plan, and let y be the average administrative cost as a percentage of claims. Suppose a random sample of employees gave the following information. X 12 8 14 32 73 y 50 45 35 28 16 Would you say the correlation is low, moderate, or strong? Positive or negative? If necessary, draw a scatter diagram of the given data. O strong and negative O moderate and positive strong and positive O low and negative
Calculate the coefficient of correlation between price and the supply of a commodity for the data given below. 11 12 13 14 15 16 17 18 19 20 21 22 Price Supply (kgs) 25 24 24 24 21 18 15 20 21 30 29 29
The following table compares the completion percentage and interception percentage of 55 NFL quarterbacks. Completion Percentage 58 59 62 65 66 Interception Percentage 4.5 4 3 2.5 1.5 Copy Data Determine if r is statistically significant at the 0.01 level. Yes or No? the correlation coefficient is/ is not statistically significant.
The accompanying table shows the ages (in years) of 11 children and the numbers of words in their vocabulary. Complete parts (a) through (d) below. Age, x Vocabulary size, y 1 5 2 240 3 560 4 1200 5 1900 6 2600 3 540 5 2200 2 280 4 1300 6 2300 (a) Display the data in a scatter plot. (b) Calculate the sample correlation coefficient r. (c) Describe the type of correlation, if any, and interpret the correlation in the context of the data. (d) Use the table of critical values for the Pearson correlation coefficient to make a conclusion about the correlation coefficient. Let α=0.01.
A researcher wants to see if the fat content in burgers and their calories are related. Fat (g) Calories What is the correlation coefficient, r ? O210.954 11.055 O 0.922815 19 31 34 35 39 39 43 410 580 590 570 640 680 660 O 0.960633 DELL
Consider the relationship between the number of bids an item on eBay received and the item's selling price. The following is a sample of 5 items sold through an auction. Price in Dollars 29 35 41 44 47 Number of Bids 10 11 12 13 14 Step 2 of 3: Estimate the correlation in words: positive, negative, no correlation. Copy Data
The data in the table below show years of teaching experience and annual salary in dollars for 12 randomly selected mathematics instructors in Illinois colleges/ universities for the 2013/2014 school year. Is there a linear correlation between a mathematics instructor’s years of experience and his or her annual salary? Number of Years:7 9 6 7 11 12 11 3 3 7 9 1 Salary (in Dollars): 48,897 62,866 54,585 56,611 53,541 53,541 47,027 47,970 46,668 48,029 46,735 45,000
The numbers of pass attempts and passing yards for seven professional quarterback for a recent year are listed in the table below. Round all answers to the nearest 1000th. Pass attempts (x) 449 565 528 197 670 351 218 Passing Yards (y) 3265 4018 3669 1141 5177 2362 1737 Calculate the sample correlation coefficient, r. Describe the type of correlation coefficient and interpret the correlation in the context of the data.

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The following table lists the ages (in years) and the prices (in thousands of dollars) of a sample of six houses. Age | Price 165 15 182 3 205 35 161 180 18 161 What is the value of the correlation coefficient? 27