3. New car price and used (1 year old) car price for the same model (thousands of dollars): Model A Model B Model CModel D Model E New price X 47.8 32.1 33.4 36.1 44.5 Used (1 year) 42.2 price Y 29.8...


3. New car price and used (1 year old) car price for the same<br>model (thousands of dollars):<br>Model A Model B Model CModel D Model E<br>New price X<br>47.8<br>32.1<br>33.4<br>36.1<br>44.5<br>Used (1 year) 42.2<br>price Y<br>29.8<br>31.1<br>32.0<br>42.3<br>a. Using Excel find the value of the correlation coefficient.<br>34.091<br>V38.9656<br>Ans,<br>e. Using the work sheet on the next page and an a = .01,<br>test the claim that p> 0, there is a correlation between<br>new price and used price.<br>TESTING:<br>Random Variable:<br>Special considerations/characteristics:<br>Given:<br>Question:<br>

Extracted text: 3. New car price and used (1 year old) car price for the same model (thousands of dollars): Model A Model B Model CModel D Model E New price X 47.8 32.1 33.4 36.1 44.5 Used (1 year) 42.2 price Y 29.8 31.1 32.0 42.3 a. Using Excel find the value of the correlation coefficient. 34.091 V38.9656 Ans, e. Using the work sheet on the next page and an a = .01, test the claim that p> 0, there is a correlation between new price and used price. TESTING: Random Variable: Special considerations/characteristics: Given: Question:
SAMPLE<br>SAMPLING<br>N B. What Type:<br>Why Justified:<br>Test Statistic:<br>Test Statistic Value:<br>A. a:<br>H.:<br>H:<br>C. P-value?<br>Reject or Fail to<br>D. Compare:<br>Reject?<br>E. Conclude:<br>

Extracted text: SAMPLE SAMPLING N B. What Type: Why Justified: Test Statistic: Test Statistic Value: A. a: H.: H: C. P-value? Reject or Fail to D. Compare: Reject? E. Conclude:

Jun 08, 2022
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