Business Statistics: A First Course (7th Edition)
Business Statistics: A First Course (7th Edition)
7th Edition
ISBN: 9780321979018
Author: David M. Levine, Kathryn A. Szabat, David F. Stephan
Publisher: PEARSON
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The data represent the cost, return on investment, and graduation rate for a random sample of fifty colleges or universities in the United States. The data is from payscale.com. The variable "Cost" represents the four-year cost including tuition, supplies, room and board of attending the school. The variable "Annual ROI" represents the return on investment for graduates of the school. It essentially represents how much you would earn on the investment of attending the school. The variable "Grad Rate" represents the graduation rate of the school. Complete parts (a) and (b) below. Click here to view the school data. Click here to view the table of critical values of the correlation coefficient. (a) Describe the association between Cost and Graduation Rate graphically by drawing a scatter diagram, treating Cost as the explanatory variable. Describe the association between Cost and Graduation Rate by finding the linear correlation between the two variables. Is there a linear association…
MarkLines is an online portal (www.marklines.com) that reports automotive industry data. The table below shows the number of cars sold in the United States from January to November in 2017 and 2018. The top 22 manufacturers, plus others, are listed here. Sales data often is reported in this way to compare current sales to last year’s sales.     Car Sales Manufacturer Jan.-Nov.2017 Jan.-Nov.2018 GM (Est.) 2,691,493 2,654,568 Ford 2,334,290 2,265,590 Toyota 2,211,533 2,205,762 Fiat Chrysler 1,887,430 2,038,684 Honda 1,492,112 1,449,713 Nissan 1,455,238 1,345,157 Hyundai 621,961 612,225 Subaru 584,614 615,594 Kia 546,629 542,245 Mercedes (includes Sprinter) 332,990 318,012 BMW 271,432 276,657 VW 309,395 322,017 Mazda 262,577 274,455 Audi 199,534 200,558 Tesla (Est.) 40,320 106,050 Land Rover 66,759 81,526 Volvo 71828 89437 Mitsubishi 95,185 109,088 Porsche 51,507 53,116 MINI 42,494 40,887 Jaguar 36,180 27,021 Others 18,901 17,251 smart…
Describe about the three positive relationships of Scatterplots?
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