2. A used car depot wants to study the relationship between the age of a car and its selling price. Listed is a random sample of 9 cars sold at the depot during the last 3 months. Car 2 3 4 5 7 8 9 2.5 Age (years) 3 8 10 6 7 5.5 4 Selling Price (P000) 350 320 170 120 280 190 250 300 400 1 4 6 Determine the coefficient of correlation using spearman rank correlation and test the significance at 0.01.

2. A used car depot wants to study the relationship between the age of a car and its selling price. Listed is a random sample of 9 cars sold at the depot during the last 3 months. Car 2 3 4 5 7 8 9 2.5 Age (years) 3 8 10 6 7 5.5 4 Selling Price (P000) 350 320 170 120 280 190 250 300 400 1 4 6 Determine the coefficient of correlation using spearman rank correlation and test the significance at 0.01.

College Algebra (MindTap Course List)

12th Edition

ISBN:9781305652231

Author:R. David Gustafson, Jeff Hughes

Publisher:R. David Gustafson, Jeff Hughes

Chapter8: Sequences, Series, And Probability

Section8.7: Probability

Problem 58E: What is meant by the sample space of an experiment?

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