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An economist wanted to analyze the relationship between the speed of a truck (x) and its gas mileage (y). As an experiment a truck is
An economist wanted to analyze the relationship between the speed of a truck (x) and its gas mileage (y). As an experiment a truck is operated at several different speeds and for each speed the gas mileage is measured. These data are shown below. Speed 25 35 45 50 60 65 70 Gas Mileage 43 38 37 30 29 26 23 Assume normality of variables. a) Calculate the coefficient of correlation r. Provide an interpretation of the computed value of r. (9 marks) b) Calculate the coefficient de determination r square (R2). Provide an interpretation of the computed value of r square (R2). (3 marks) c) Determine the least squares line. Provide an interpretation of your results. (8 marks)
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