Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

umber of months since the glide was purchased and the time, in hours, the equipment was used last week. Person Months Owned Hours Exercised Person

umber of months since the glide was purchased and the time, in hours, the equipment was used last week.
Person Months Owned Hours Exercised Person Months Owned Hours Exercised
Rupple 124 Massa 28
Hall 210 Sass 83
Bennett 68 Karl 48
Longnecker 95 Malrooney 102
Phillips 75 Veights 55
Click here for the Excel Data File
a-1. Choose the scatter diagram that best fits the data.
1. On the graph below, use the point tool to plot the point corresponding to the first Months Owned and her Hours MO1).
2. Repeat the process for the remainder of the sample (MO2, MO3,...).
3. To enter exact coordinates, double-click on the point and enter the exact coordinates of x and y.
a-2. Choose the right option.
b. Fill in the blanks below. (Negative values should be indicated by a minus sign. Round your answers to 3 decimal places.)
x
y
Sx
Sy
Coefficient of correlation
c-1. State the decision rule for 0.01 significance level: H0: \rho >=0; H1: \rho <0.(Negative value should be indicated by a minus sign. Round your answer to 3 decimal places.)
c-2. Compute the value of the test statistic. (Negative value should be indicated by a minus sign. Round your answer to 2 decimal places.)
c-3. Can we conclude that there is a negative association between the variables? Use the 0.01 significance 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_2

Step: 3

blur-text-image_3

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

Financial Accounting

Authors: Warren, Reeve, Duchac

12th Edition

1133952410, 9781133952411, 978-1133952428

More Books

Students also viewed these Accounting questions

Question

Due to the holidays, production was severely delayed.

Answered: 1 week ago