STATISTICS F/BUS.+ECON.(LL)-W/2 ACCESS
STATISTICS F/BUS.+ECON.(LL)-W/2 ACCESS
8th Edition
ISBN: 9780134382364
Author: NEWBOLD
Publisher: PEARSON
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Chapter 1.2, Problem 3E
To determine

Measure of the variables used in the survey.

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3Q6Q7Q8: all questions have a correlation towards each other. Use the following to complete them.
Recently the European Community (EC) decided to lower its subsidies to makers of pasta. In deciding by what amount to reduce total subsidies, experiments were carried out for determining the possible reduction in exports, mainly to the United States, that would result from the subsidy reduction. Over a small range of values, economists wanted to test whether there is a positive correlation between level of subsidy and level of exports. A computer simulation of the economic variables involved in the pasta exports market was carried out. The results follow. Assuming that the simulation is an accurate description of reality and that the values obtained may be viewed as a random sample of the populations of possible outcomes, state whether you believe that a positive rank correlation exists between subsidy level and exports level over the short range of values studied     Q
Q11Q12: Both questions correlate with each other. Complete the following using the graph
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