Refer to Exercise 13.25. The data on ages (in years) and prices (in hundreds of dollars) for
Question:
a. Do you expect the ages and prices of cars to be positively or negatively related? Explain.
b. Calculate the linear correlation coefficient.
c. Test at a 2.5% significance level whether is negative.
Transcribed Image Text:
Age Price 45 210 100 33 267 134 109 235
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