2.40 The manager of a used-car dealership is very interested in the resale price of used cars....
Question:
2.40 The manager of a used-car dealership is very interested in the resale price of used cars. The manager feels that the age of the car is important in determining the resale value. He collects data on the value of the car (in thousands of dollars) as the dependent variable and the age of the car (in years) as the independent variable.
Age Value (Thousands of €)
3 50 5 43 7 35 8 40 11 15
a. Compute the covariance.
b. Compute the correlation coefficient.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Related Book For
Essential Mathematics And Statistics For Science
ISBN: 9780470694480
2nd Edition
Authors: Graham Currell, Dr. Antony Dowman
Question Posted: