Concept explainers
(a)
To find the
(a)
Answer to Problem 42E
The correlation between flights with year is
Explanation of Solution
The number of flights by U.S. airlines has grown rapidly and the number of flights flown in each year from
Year | Flights |
1995 | 53,27,435 |
1996 | 53,51,983 |
1997 | 54,11,843 |
1998 | 53,84,721 |
1999 | 55,27,884 |
2000 | 56,83,047 |
2001 | 59,67,780 |
2002 | 52,71,359 |
2003 | 64,88,539 |
2004 | 71,29,270 |
2005 | 71,40,596 |
We will be calculation the correlation between the year and fights by using excel. That is,
Formula used:
The CORREL
CORREL(array
Calculation:
Now, we will calculate the correlation coefficient using the excel. We will use the above CORREL function for this and we will have,
And the answer to this will be as:
Correlation coefficient | 0.8275 |
So, the correlation between flights with yearis
(b)
To make a
(b)
Explanation of Solution
The scatterplot between the flights and the year is as follows:
The number of flights is on the vertical axis and the year is on the horizontal axis. From the scatterplot on the above, we can say that the points are moving upwards and is positive. Thus, the association is positive and we can also see that the number of flights are increasing over the years or as the time increases.
(c)
To note two reasons that the correlation you found in part (a) is not suitable summary of the strength of the association and can you account for these violations of the conditions.
(c)
Answer to Problem 42E
First is in the year
Explanation of Solution
The number of flights by U.S. airlines has grown rapidly and the number of flights flown in each year from
Chapter 7 Solutions
Stats: Modeling the World Nasta Edition Grades 9-12
Additional Math Textbook Solutions
Elementary Statistics: Picturing the World (7th Edition)
College Algebra (7th Edition)
University Calculus: Early Transcendentals (4th Edition)
Thinking Mathematically (6th Edition)
Elementary Statistics
Calculus: Early Transcendentals (2nd Edition)
- 3. Pleasearrow_forwardWhat does the margin of error include? When a margin of error is reported for a survey, it includes a. random sampling error and other practical difficulties like undercoverage and non-response b. random sampling error, but not other practical difficulties like undercoverage and nonresponse c. practical difficulties like undercoverage and nonresponse, but not random smapling error d. none of the above is corretarrow_forwardsolve part a on paperarrow_forward
- T1.4: Let ẞ(G) be the minimum size of a vertex cover, a(G) be the maximum size of an independent set and m(G) = |E(G)|. (i) Prove that if G is triangle free (no induced K3) then m(G) ≤ a(G)B(G). Hints - The neighborhood of a vertex in a triangle free graph must be independent; all edges have at least one end in a vertex cover. (ii) Show that all graphs of order n ≥ 3 and size m> [n2/4] contain a triangle. Hints - you may need to use either elementary calculus or the arithmetic-geometric mean inequality.arrow_forwardWe consider the one-period model studied in class as an example. Namely, we assumethat the current stock price is S0 = 10. At time T, the stock has either moved up toSt = 12 (with probability p = 0.6) or down towards St = 8 (with probability 1−p = 0.4).We consider a call option on this stock with maturity T and strike price K = 10. Theinterest rate on the money market is zero.As in class, we assume that you, as a customer, are willing to buy the call option on100 shares of stock for $120. The investor, who sold you the option, can adopt one of thefollowing strategies: Strategy 1: (seen in class) Buy 50 shares of stock and borrow $380. Strategy 2: Buy 55 shares of stock and borrow $430. Strategy 3: Buy 60 shares of stock and borrow $480. Strategy 4: Buy 40 shares of stock and borrow $280.(a) For each of strategies 2-4, describe the value of the investor’s portfolio at time 0,and at time T for each possible movement of the stock.(b) For each of strategies 2-4, does the investor have…arrow_forwardNegate the following compound statement using De Morgans's laws.arrow_forward
- Negate the following compound statement using De Morgans's laws.arrow_forwardQuestion 6: Negate the following compound statements, using De Morgan's laws. A) If Alberta was under water entirely then there should be no fossil of mammals.arrow_forwardNegate the following compound statement using De Morgans's laws.arrow_forward
- MATLAB: An Introduction with ApplicationsStatisticsISBN:9781119256830Author:Amos GilatPublisher:John Wiley & Sons IncProbability and Statistics for Engineering and th...StatisticsISBN:9781305251809Author:Jay L. DevorePublisher:Cengage LearningStatistics for The Behavioral Sciences (MindTap C...StatisticsISBN:9781305504912Author:Frederick J Gravetter, Larry B. WallnauPublisher:Cengage Learning
- Elementary Statistics: Picturing the World (7th E...StatisticsISBN:9780134683416Author:Ron Larson, Betsy FarberPublisher:PEARSONThe Basic Practice of StatisticsStatisticsISBN:9781319042578Author:David S. Moore, William I. Notz, Michael A. FlignerPublisher:W. H. FreemanIntroduction to the Practice of StatisticsStatisticsISBN:9781319013387Author:David S. Moore, George P. McCabe, Bruce A. CraigPublisher:W. H. Freeman