CORRELATION:5. A used car depot wants to study the relationship between the age of a car andits selling price. Listed is a random sample of 9 cars sold at the depot duringthe last 3 months.Determine the coefficient of correlation using spearman rank correlation and testthe significance at 0.01. | 3CarAge (years)Selling Price(PO00)'1.456.72.5320 170 120 | 280 | 190 250 300 400481075.54350o IN Solution:Step 1: State the hypothesesStep 2: The level of significance is,Step 3: Determine the critical region. df=,teritical =Step 4: Complete the table and compute for the value of p and t-test.PairYRxRYD?136.8tcomputed"Step 5: Decision Rule.Step 6: Conclusion. .

Given Information: No. of variables=02Variables under study=1. Age(years).2. Selling PriceNo. of…

CORRELATION: 5. A used car depot wants to study the relationship between the age of a car and its selling price. Listed is a random sample of 9 cars sold at the depot during the last 3 months. Determine the coefficient of correlation using spearman rank correlation and test the significance at 0.01.

CORRELATION: 5. A used car depot wants to study the relationship between the age of a car and its selling price. Listed is a random sample of 9 cars sold at the depot during the last 3 months. Determine the coefficient of correlation using spearman rank correlation and test the significance at 0.01.

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

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