Answered step by step
Verified Expert Solution
Question
1 Approved Answer
(b) Ghana Air specialises in executive travel and uses top range aircraft to attract its customers to exotic locations. It leases its aircraft from Boeing
(b) Ghana Air specialises in executive travel and uses top range aircraft to attract its customers to exotic locations. It leases its aircraft from Boeing Corporation and wants to plan for further leases over the next 5 years. It carried out a survey of seat bookings and customer income for the past 7 years as a means to forecast future aircraft leases. The data from its survey is given below Year Customer Income (x) Reservations (y) Name 1 250 100 255 115 Course details Propasal title Problem Statemt 258 120 267 130 5 270 145 Objectives background 6 272 152 7 273 155 1845 917 Determine the strength of the relationship between the data by means of the co-efficient of correlation. [16Marks]
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started