Question
6.6.2) Note: 6.6.2 uses data from 6.5.2. In this data set there is a time variable (year) and three other variables that depend on time.
6.6.2)Note: 6.6.2 uses data from 6.5.2. In this data set there is a time variable (year) and three other variables that depend on time. For Part (a) of 6.6.2 create matrix of scatter plots for these three other than time variables. Part (b) asks you to discuss their relationships. Create correlation matrix for this purpose of the three variables other than the time variable and verify correlation coefficient value between petroleum imports and percent of petroleum products by doing hand calculations.
Questions to answer:
For Part (a) Create below a matrix of scatter plots for these three variable other than the time variable using MINITAB.
Part (b) Create correlation matrix below of the three variables other than the time variable using MINITAB.
c) Verify correlation coefficient value between petroleum imports and percent of petroleum products by doing hand calculations below.
year | Petroluem Imports | Percent of Petroluem Products | Petroluem Imports from Persian Gulf |
1973 | 6256 | 36.1 | 13.5 |
1974 | 6112 | 36.7 | 17.0 |
1975 | 6056 | 37.1 | 19.2 |
1976 | 7313 | 41.8 | 25.1 |
1977 | 8807 | 47.7 | 27.8 |
1978 | 8363 | 44.3 | 26.5 |
1979 | 8456 | 45.6 | 24.4 |
1980 | 6909 | 40.5 | 21.9 |
1981 | 5996 | 37.3 | 20.3 |
1982 | 5113 | 33.4 | 13.6 |
1983 | 5051 | 33.1 | 8.7 |
1984 | 5437 | 34.5 | 9.3 |
1985 | 5067 | 32.2 | 6.1 |
1986 | 6224 | 38.2 | 14.6 |
1987 | 6678 | 40.0 | 16.1 |
1988 | 7402 | 42.8 | 20.8 |
1989 | 8061 | 46.5 | 23.0 |
1990 | 8018 | 47.1 | 24.5 |
1991 | 7627 | 45.6 | 24.1 |
1992 | 7888 | 46.3 | 22.5 |
1993 | 8620 | 50.0 | 20.6 |
1994 | 8996 | 50.7 | 19.2 |
1995 | 8835 | 49.8 | 17.8 |
1996 | 9478 | 51.7 | 16.9 |
1997 | 10162 | 54.5 | 17.2 |
1998 | 10708 | 56.6 | 19.9 |
1999 | 10852 | 55.5 | 22.7 |
2000 | 11459 | 58.1 | 21.7 |
2001 | 11871 | 60.4 | 23.2 |
2002 | 11530 | 58.3 | 19.6 |
2003 | 12264 | 61.2 | 20.3 |
2004 | 13145 | 63.4 | 18.9 |
2005 | 13714 | 65.9 | 17.0 |
2006 | 13707 | 66.3 | 16.1 |
2007 | 13468 | 65.1 | 16.1 |
2008 | 12915 | 66.2 | 18.4 |
2009 | 11691 | 62.3 | 14.4 |
2010 | 11793 | 61.5 | 14.5 |
2011 | 11436 | 60.6 | 16.3 |
2012 | 10627 | 57.3 | 20.3 |
2013 | 9859 | 52 | 20.4 |
2014 | 9241 | 48.4 | 20.3 |
2015 | 9449 | 48.4 | 15.9 |
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