Using the correlation scale, identify the strength of correlation in each value of r.Values of rStrength of Correlation0.16weak positive correlation-11.-0.942.0.783.0.434.-0.195.6.7.

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Answered: Using the correlation scale, identify…

Advanced Engineering Mathematics

10th Edition

ISBN:9780470458365

Author:Erwin Kreyszig

Publisher:Erwin Kreyszig

Chapter2: Second-order Linear Odes

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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. x 3 7 15 32 75 y 40 35 30 26 18 (a) Make a scatter diagram of the data and visualize the line you think best fits the data. Flash Player version 10 or higher is required for this question. You can get Flash Player free from Adobe's website. (b) Would you say the correlation is low, moderate, or strong? positive or negative? strong and negative moderate and negative strong and positive low and negative low and positive moderate and positive (c) Use a calculator to verify that Σx = 132, Σx2 = 6932, Σy = 149, Σy2 = 4725, and Σxy = 2997. Compute r. (Round your answer to three decimal places.)r = As x increases, does the value of r imply that y should tend to increase or decrease? Explain. Given our value of r, we cannot draw any conclusions for the behavior of y as x increases. Given our value of r, y should tend to…
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Solve all parts , second photo is the graph that was requested.
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Solve this example in the picture below, read the question carefully and answer it correctly. Please solve the work accurately and make sure that you check your work, this deals with correlations.
The data below shows the selling price (in hundred thousands) and the list price (in hundred thousands) of homes sold. Construct a scatterplot, find the value of the linear correlation coefficient r, and P-value using a = 0.05. Is there sufficient evidence to conclude that there is a linear correlation between the two variables? Selling Price (x) List Price (y) H₁: p#0 400 412 Construct a scatterplot. Choose the correct graph below. 301 315 376 387 434 440 459 488 H₁ p > 0 477 480 319 324 352 368 417 434 330 341
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Using the correlation scale, identify the strength of correlation in each value of r. Values of r Strength of Correlation 0.16 weak positive correlation -1 1. -0.94 2. 0.78 3. 0.43 4. -0.19 5. 6. 7.