Oil And Gas Prices The Average Gasoline Price Per Gallon In Cities And The Cost Of A Barrel Of Oil Are Shown For A Ran 1 (42.17 KiB) Viewed 28 times
Oil And Gas Prices The Average Gasoline Price Per Gallon In Cities And The Cost Of A Barrel Of Oil Are Shown For A Ran 2 (13.49 KiB) Viewed 28 times
Oil And Gas Prices The Average Gasoline Price Per Gallon In Cities And The Cost Of A Barrel Of Oil Are Shown For A Ran 3 (10.09 KiB) Viewed 28 times
Oil And Gas Prices The Average Gasoline Price Per Gallon In Cities And The Cost Of A Barrel Of Oil Are Shown For A Ran 4 (7.34 KiB) Viewed 28 times
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 (s) Gasoline (5) Send data to Excel Part: 0 / 5 Part 1 of 5 (a) Draw the scatter plot for the variables. 4.5 4 3.5 3- Gas Prices 1.5. 14 05. 0 42.92 78.08 42.90 52.27 75.17 72.34 2.453 3.014 2.720 2.949 3.041 3.084 Part: 1/5 Part 2 of 5. Oil and Gas Prices Oil Prices + X G (b) Compute the value of the correlation coefficient. Round your answer to at least three decimal places.
Part 3 of 5 (c) State the hypotheses. Ho: H₁ :
Part 4 of 5 (d) Test the significance of the correlation coefficient at a 0.05, using The Critical Values for the PPMC Table Separate multiple values with commas, if necessary. Critical value(s): (Choose one) the null hypothesis.
(e) Give a brief explanation of the type of relationship. There (Choose one) a significant relationship between the price of a barrel of oil and the price of a gallon of gasoline.
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