The domestic airfare for business travel for the current year and the previous year was reported....

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math Statistics-And-Probability

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Answer 1

Answer #1

From the given data

a)
Test Statistic, t: 0.4893
Degrees of freedom: 22.0000

P-Value: 0.6853

b)
Current Year: 474.3333
Previous Year: Mean: 453.5

c)

Total Variation: 97143
Explained Variation: 3802.624
Unexplained Variation: 93340.38

R^2 = 3802.624 / 97143 = 0.03914 = 3.91%
Answer: 3.91%

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Answer 2

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The domestic airfare for business travel for the current year and the previous year was reported....

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