Q.3. Table shows the age in years and the retail value in thousands of dollars of a randor sample of ten automobiles of the same make and model. a) Compute the linear correlatio coefficient. Interpret its value in the context of the problem. b) Compute the least square regression line Data on Age and Value of Used Automobiles of a Specific Make and Model 2 3 3 4 4 5 5 28.7 24.8 26.0 23.8 24.6 23.8 20.4 X y 3 30.5 5 21.6 6 22.1

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter10: Statistics
Section10.3: Measures Of Spread
Problem 1GP
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Q.3. Table shows the age in years and the retail value in thousands of dollars of a random
sample of ten automobiles of the same make and model. a) Compute the linear correlation|
coefficient. Interpret its value in the context of the problem. b) Compute the least squares
regression line
Data on Age and Value of Used Automobiles of a Specific Make and Model
2
3
3
3
4
4
5
5
28.7
24.8
26.0
30.5
23.8
24.6
23.8
20.4
21.6
22.1
Transcribed Image Text:Q.3. Table shows the age in years and the retail value in thousands of dollars of a random sample of ten automobiles of the same make and model. a) Compute the linear correlation| coefficient. Interpret its value in the context of the problem. b) Compute the least squares regression line Data on Age and Value of Used Automobiles of a Specific Make and Model 2 3 3 3 4 4 5 5 28.7 24.8 26.0 30.5 23.8 24.6 23.8 20.4 21.6 22.1
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