Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The prices of petrol, petrol used, and the distant travelled by a model of sedan car used by six owners are recorded as follows: Price

The prices of petrol, petrol used, and the distant travelled by a model of sedan car used by six owners are recorded as follows:

Price per liter (RM)

Petrol used (L)

Distant travelled (Km)

2.10

100

1050

2.15

120

1220

2.20

110

1200

2.25

117

1210

2.30

120

1280

2.40

119

1280

  1. Plot a scatter diagram to show the correlation between petrol used and distant travelled.
  2. Express the relationship between petrol used and distant travelled using a linear model. What does the model suggest?
  3. Do a hypothesis test on the coefficient of independent variable using 95% confidence level. What do you conclude?

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

Mathematical Analysis For Quantitative Finance

Authors: Daniele Ritelli, Giulia Spaletta

1st Edition

1351245104, 9781351245104

More Books

Students also viewed these Mathematics questions

Question

Which information is used in order to produce the EGPWS display?

Answered: 1 week ago