Question
The table below shows the number of cars (in millions) sold in the United States for various years and the percent of those cars manufactured
The table below shows the number of cars (in millions) sold in the United States for various years and the percent of those cars manufactured by GM.
Year | Cars Sold (millions) | Percent GM | Year | Cars Sold (millions) | Percent GM | ||||
1950 | 6.0 | 50.2 | 1985 | 15.4 | 40.1 | ||||
1955 | 7.8 | 50.4 | 1990 | 13.5 | 36.0 | ||||
1960 | 7.3 | 44.0 | 1995 | 15.5 | 31.7 | ||||
1965 | 10.3 | 49.9 | 2000 | 17.4 | 28.6 | ||||
1970 | 10.1 | 39.5 | 2005 | 16.9 | 26.9 | ||||
1975 | 10.8 | 43.1 | 2010 | 11.6 | 19.1 | ||||
1980 | 11.5 | 44.0 | 2015 | 17.5 | 17.6 | ||||
Requirements
Determine the correlation coefficient between the two variables
State the decision rule for 0.01 significance level: H0: ρ ≥ 0; H1: ρ < 0. Reject H0 if t
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Statistical Techniques In Business And Economics
Authors: Douglas Lind, William Marchal
16th Edition
78020522, 978-0078020520
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