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Vikki [24]
3 years ago
14

Which of the following correlation coefficients represents the strongest linear correlation?

Mathematics
1 answer:
Oduvanchick [21]3 years ago
4 0

Answer:

-0.94

Step-by-step explanation:

i've done it before.

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olganol [36]

Hi,

Here is the solution.

3 years = 36 months

Leased amount for 3 years = $3000 + 36*350

= $3000 + $12600

Leased amount for 3 years = $15600

Residual value = $12000

Assume you didn't buy the car, you took it for lease, so your expense = $15600.

Now Assume you bought the car for $21,000.

After using 3 years, you can sell it for $12000.

Your expense = $21,000 - $12,000 = $9000.

Conclusion:

It is less expensive to buy the car.

The cost for buying the car and selling it after 3 years = $9000.

Hope you will understand the steps. Thank you :)

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