What is the next fraction in each of the following patterns? a. 1⁄40, 4⁄40, 9⁄40, 16⁄40, 25⁄40 . . .? b. 3⁄101, 4⁄101, 7⁄101, 11
1 answer:
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Complete Question
Pennsylvania Refining Company is studying the relationship between the pump price of gasoline and the number of gallons sold. For a sample of 14 stations last Tuesday, the correlation was 0.65.At the 0.01 significance level Can the company conclude that the correlation is positive
Answer:
Yes the company conclude that the correlation is positive
Step-by-step explanation:
From the question we are told that
The sample size is n = 14
The correlation is r = 0.65
The null hypothesis is
The alternative hypothesis is
Generally the standard deviation is mathematically evaluated as
The degree of freedom for the one-tail test is
The standard error is evaluated as
The test statistics is evaluated as
The p-value of of t is obtained from the z table, the value is
Given that then we reject the null hypothesis
Hence the company can conclude that the correlation is positive
Multiply 140 on both sides to get "x" by itself
8 = x