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Oduvanchick [21]
3 years ago
6

The owner of Maumee Ford-Volvo wants to study the relationship between the age of a car and its selling price. Listed below is a

random sample of 12 used cars sold at the dealership during the last year. Determine the correlation coefficient. Interpret the correlation coefficient. Answer: correlation type, please write one word and correlation strength, please write one word
SAT
1 answer:
Elanso [62]3 years ago
6 0

Answer:

-0.5436

Fairly strong negative correlation

Value of car decreases as age increases.

Explanation:

Age of car(x)

9

7

11

12

8

7

8

11

10

12

6

6

Selling price ($)

8.1

6.0

3.6

4.0

5.0

10.0

7.6

8.0

8.0

6.0

8.6

8.0

The correlation Coefficient calculated using the correlation coefficient calculator is - 0.5436. This depicts a fairly strong negative (negative value in Coefficient value) correlation exists between the age of a car and its value. This means that, the value of a car decreases as age increases.

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