Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

An airport shuttle service wants to determine the length of time it would take to transport passengers from various locations to a major metropolitan airport

image text in transcribed
image text in transcribed
An airport shuttle service wants to determine the length of time it would take to transport passengers from various locations to a major metropolitan airport during nonpeak hours. A sample of 16 trips on a particular day during nonpeak hours indicates the following: Distance (miles) Time (minutes) Distance (miles) Time (minutes) 35.0 19.5 25.4 27.0 10.3 11.6 16.1 14.3 a. Using Excel, rearrange the data into two columns (distance and time) and then build a scatter diagram. Think what should be your Y (dependent) variable and what should be your X (independent) variable. No need to submit the results. b. Calculate the covariance between distance and time using Excel. What is its value? 0. Calculate the correlation coefficient. What is its value? d. Calculate the least-squares regression equation using distance as an independent variable and time as a dependent variable. Intercept: and Slope: 0 9. Is the intercept coefficient significant at the 5% level? 0 f. Is the slope coefficient significant at the 5% level

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Precalculus (Subscription)

Authors: Michael Sullivan, Michael Sullivan III

11th Edition

0135228980, 9780135228982

More Books

Students also viewed these Mathematics questions

Question

Explain the characteristics of a good system of control

Answered: 1 week ago

Question

State the importance of control

Answered: 1 week ago

Question

What are the functions of top management?

Answered: 1 week ago

Question

Bring out the limitations of planning.

Answered: 1 week ago

Question

The background knowledge of the interpreter

Answered: 1 week ago