The following table gives the ages ( in years) and resale value (in thousands of dollars) for eight cars of a specific model. table: Age: 9,4,7,10,3,6,7,4 Resale value: 9,14,11,5,23,13,14,19 a.) Provide the correlation coefficient value. b.) Determine the Test Statistic and p-value. c.) Write a sentence summarizing the results.
The following table gives the ages ( in years) and resale value (in thousands of dollars) for eight cars of a specific model. table: Age: 9,4,7,10,3,6,7,4 Resale value: 9,14,11,5,23,13,14,19 a.) Provide the correlation coefficient value. b.) Determine the Test Statistic and p-value. c.) Write a sentence summarizing the results.
Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter10: Statistics
Section10.6: Summarizing Categorical Data
Problem 4AGP
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The following table gives the ages ( in years) and resale value (in thousands of dollars) for eight cars of a specific model.
table:
Age: 9,4,7,10,3,6,7,4
Resale value: 9,14,11,5,23,13,14,19
a.) Provide the correlation coefficient value.
b.) Determine the Test Statistic and p-value.
c.) Write a sentence summarizing the results.
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