MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
6th Edition
ISBN: 9781119256830
Author: Amos Gilat
Publisher: John Wiley & Sons Inc
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Oil and Gas Prices The average gasoline price per gallon (in cities) and the cost of a barrel of oil are shown for a random selection of weeks from 

2009-2010.
 
Is there a linear relationship between the variables?

 

Oil ($)
  
   60.33
   87.09
   78.12
   82.91
   64.76
   69.58
Gasoline ($)
  
   2.188
   2.350
   2.625
   2.627
   2.489
   2.791
 
Part 1 of 5
Your Answer is correct
 
 

 

(a)Draw the scatter plot for the variables.

 

  Oil and Gas Prices
Gas Prices
y
0.5
1
1.5
2
2.5
3
3.5
4
4.5
x
10
20
30
40
50
60
70
80
90
0
 
 
 
 
 
 
 
 
  Oil Prices
Part: 1 / 5
1 of 5 Parts Complete
 
Part 2 of 5
Your Answer is incorrect
 
 

 

(b)Compute the value of the correlation coefficient. Round your answer to at least three decimal places.

 

r=?
 
 
 
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