ZuoTi.Pro
Question

ILE The owner of Maumee Ford-Volvo wants to study the relationship between the age of a...

ILE The owner of Maumee Ford-Volvo wants to study the relationship between the age of a car and its selling price. Listed below is a random sample of 12 used cars sold at the dealership during the last year. (Show work)

Car Age (years) Selling Price ($000)
 1  9  8.1
 2  7  6.0
 3 11  3.6
 4 12  4.0
 5  8  5.0
 6  7 10.0
 7  8  7.6
 8 11  8.0
 9 10  8.0
10 12  6.0
11  6  8.6
12  6  8.0

a.Draw a scatter diagram.

b.Determine the correlation coefficient.

c.Interpret the correlation coefficient. Does it surprise you that the correlation coefficient is negative?

math   Statistics-And-Probability   
0 0
Add a comment Improve this question Transcribed image text
Next > < Previous
Sort answers by oldest

Homework Answers

Answer #1

Sr.nok ly 9, 8.1| 72.91 811 65.61 |xy |x^2 |ул2 42 49 36 12112.96 16 25 3113.6 39.6 1 12 4 48 40 144 64 10049 100 6 60.8 64 57.76 12164 64 7.6 10 12 80 100 10 67214436 8.6 51.6 48 82.9712.9 3673.96 12 64 1009 615.29 36 4 Total 107

0 0
Add a comment
Know the answer?
Add Answer to:
ILE The owner of Maumee Ford-Volvo wants to study the relationship between the age of a...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions

  • The owner of Maumee Ford-Volvo wants to study the relationship between the age of a car...

    The owner of Maumee Ford-Volvo wants to study the relationship between the age of a car and its selling price. Listed below is a random sample of 12 used cars sold at the dealership during the last year. Car Age (years) Selling Price ($000) 1 12 9.3 2 9 7.6 3 13 3.0 4 17 4.0 5 11 5.3 6 9 9.8 7 12 8.4 8 14 6.2 9 13 6.2 10 17 4.8 11 7 10.1 12 7 9.1...

  • The owner of Maumee Ford-Volvo wants to study the relationship between the age of a car...

    The owner of Maumee Ford-Volvo wants to study the relationship between the age of a car and its selling price. Listed below is a random sample of 12 used cars sold at the dealership during the last year. Car 1 2 Age (years) 12 9 13 17 11 3 4 Selling Price ($000) 9.3 7.6 3.0 4.0 5.3 9.8 8.4 6.2 6.2 4.8 6 7 8 9 10 11 12 13 12 14 13 17 7 7 10.1 9.1 Click...

  • The owner of Maumee Ford-Volvo wants to study the relationship between the age of a car...

    The owner of Maumee Ford-Volvo wants to study the relationship between the age of a car and its selling price. Listed below is a random sample of 12 used cars sold at the dealership during the last year. Car Age (years) Selling Price ($000) 1 11 12.2 2 8 11.0 3 16 4.9 4 18 4.1 5 9 6.7 6 8 13.6 7 10 11.1 8 16 9.0 9 14 9.0 10 18 4.2 11 6 12.1 12 6 10.4...

  • Spring 2019 Exam 3 April 12, 8:00 PM Q5. The owner of Maumee Ford-Volvo wants to...

    Spring 2019 Exam 3 April 12, 8:00 PM Q5. The owner of Maumee Ford-Volvo wants to study the relation between the age of a car and its selling price. Listed below is a random sample of 12 used cars sold at the dealership during the last year Car Age (x) Price v) 1 9 28100 6000 3600 4000 5000 10000 7600 8000 4 12 9 10 8000 10 11 6 12 6 6000 8600 8000 Draw the scatter diagram. Determine...

  • The owner of Maumee Motors wants to study the relationship between the age of a car...

    The owner of Maumee Motors wants to study the relationship between the age of a car and its selling price Listed below is a random sample of 12 used cars sold at Maumee Motors during the last year. Selling Price (5 Car Age (years) thousands) Selling Price Car Age (years) (5 thousands) 1 13 $9.0 7 2 14 5.1 8 5 9 8.1 9 12 14 3.1 10 5 8.2 8.5 11 12 12 2 4.5 8 $9.1 3 4...

  • the owner of maumee Ford-Volvo Saved Help Save & Exit Check my The owner of Maumee...

    the owner of maumee Ford-Volvo Saved Help Save & Exit Check my The owner of Maumee Ford-Volvo wants to study the relationship between the age of a car and its selling price. Listed below is a random sample of 12 used cars sold at the dealership during the last year. Car Age (years) Selling Price (5000) 9.3 7.6 3.0 4.0 5.3 WAN 6.2 4.8 10.1 9.1 Click here for the Excel Data File a. Determine the regression equation. (Negative amounts...

  • The owner of Maumee Motors wants to study the relationship between the age of a car...

    The owner of Maumee Motors wants to study the relationship between the age of a car and its selling price. Listed below is a random sample of 12 used cars sold at Maumee Motors during the last year: Car Age (years) Selling Price ($ thousands) Car Age (years) Selling Price ($ thousands) 1 5 $3.2 7 5 $6.2 2 5 6.7 8 4 7.5 3 6 5.4 9 2 7.1 4 14 5.6 10 15 8.2 5 10 3.6 11...

  • Help Exercise 13-20 (LO13-3) The owner of Maumee Ford-Volvo wants to study the relationship between the...

    Help Exercise 13-20 (LO13-3) The owner of Maumee Ford-Volvo wants to study the relationship between the age of a car and its selling price. Listed below is a random sample of 12 used cars sold at the dealership during the last year. Age years Selling Price ($000) OW ENM s no 0009 00 00 TUTULHOP 00 F! WOOD OU Uw 000 OUL 0000 CIKIM Mal/Determine thelledres iomlequation. (Negative amounts should be indicated by a minus sign. Round your answers to...

  • The owner of Maumee Motors wants to study the relationship between the age of a car...

    The owner of Maumee Motors wants to study the relationship between the age of a car and its selling price. Listed below is a random sample of 12 used cars sold at Maumee Motors last year: Car Age (years) Selling Price ($000) 1 7 4.5 2 8 7.7 3 6 9.4 4 2 7.2 5 4 4.7 6 11 4 7 15 6.2 8 14 7.7 9 7 9.9 10 10 6.6 11 9 6.4 12 11 7.6 Determine the...

  • CAR 1 2 3 4 5 6 7 8 9 10 11 12 AGE 13 10...

    CAR 1 2 3 4 5 6 7 8 9 10 11 12 AGE 13 10 15 17 11 10 11 15 15 17 8 8 PRICE 13.1 11.8 5.7 4.9 6.8 14.0 11.4 9.8 9.8 4.5 13.0 11.0 Listed above is random sample of 12 used cars sold at the dealership during the last year. A. Determine the regression equation? a = b = B. Estimate the selling price of an 7-year old car ($000) selling price? C. Interpret...

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT