Whether or not each of possible conclusions is justified

Reference no: EM131394636

The correlation between Fuel Efficiency (as measured by miles per gallon) and Price of 150 cars at a large dealership is r = -0.34 Explain whether or not each of these possible conclusions is justified:

a) The more you pay, the lower the fuel efficiency of your car will be.

b) The form of the relationship between Fuel Efficiency and Price is moderately straight. .

c) There are several outliers that explain the low correlation.

d) If we measure Fuel Efficiency in kilometers per liter instead of miles per gallon, the correlation will increase.

Reference no: EM131394636

Questions Cloud

Describe the overall goal of a supply chain : Describe the overall goal of a supply chain. Describe the difference between a supply that is responsive (service) and a supply chain that is efficient. Can a supply chain be both?

List the levels of responsibilities assessed by auditors : Learn which agencies audit health care facilities. Describe how HIM department should handle receipt of subpoenas. List the levels of responsibilities assessed by auditors. List the types of appeals available to health care facilities.

Housing cost index and the median family income by state : Describe the relationship between the Housing Cost Index and the Median Family Income by state.- If we standardized both variables, what would the correlation coefficient between the standardized variables be?

An internship in china xian city hotel : Develop and refine as you progress through your academic career in the School of l-lospitality Management. Use the resume template provided on Angel as your starting point, and refer to the example resumes to guide your efforts.

Whether or not each of possible conclusions is justified : Explain whether or not each of these possible conclusions is justified:- The more you pay, the lower the fuel efficiency of your car will be.

Whether or not each of possible conclusions is justified : The correlation between Age and Income as measured on 100 people is r = 0.75. Explain whether or not each of these possible conclusions is justified:

How competitive advantage drives globalization strategies : Explain how resource-based competitive advantage drives globalization strategies for Fortune 500 firms. Why are application of project management principles critical to effective business operations?

How many outputs are required : A C++ program is required that calculates the amount, in dollars, contained in a piggybank. The bank contains half dollars, quarters, dimes, nickels, and pennies.

What might explain the strong correlation : A survey of the world's nations in 2004 shows a strong positive correlation between percentage of the country using cell phones and life expectancy in years at birth.- Does given mean that cell phones are good for your health?

User Account

All Pages