(All Steps) Correlation Exercise A major oil company is studying the relationship between daily traffic count and the number of gallons of gasoline pumped
Question: Correlation Exercise
A major oil company is studying the relationship between daily traffic count and the number of gallons of gasoline pumped at company stations. A sample of eight company owned stations is selected and the following information obtained:
- Develop a scatter diagram with the amount of gasoline pumped as the dependent variable.
- Compute the coefficient of correlation.
- Compute the coefficient of determination.
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