2.39 Travel Shaw is an agency based in Bulgaria that employs a group of travel reporters who...
Question:
2.39 Travel Shaw is an agency based in Bulgaria that employs a group of travel reporters who publish stories based on exciting destinations from around the world.
Travel Shaw also offers three destination tours: Asia, Europe, and the United States. One of the agents at Travel Shaw wants to determine the relationship between the price of a tour and the number of sales arrangements.
Over a 15-day period, the agent records the number of sales made for each of the three tours.
The following data show the tour’s price ($000), X, and the number tours sold, Y, during the period:
13, 82, 15, 62, 19, 32, 14, 102, 16, 62, 111, 42, 13, 52, 14, 22, 110, 12, 12, 92, 16, 72, 110, 12, 12, 42, 16, 72, 19, 22
a. Describe the data numerically with their covariance and correlation.
b. Discuss the relationship between the price and number of travel tours sold.
Step by Step Answer:
Essential Mathematics And Statistics For Science
ISBN: 9780470694480
2nd Edition
Authors: Graham Currell, Dr. Antony Dowman