Stats Solutions

[Solution Library] In the following data set, please do the following: Construct an x-y scatterplot of the data. Discuss what it tells you State your null

Question: In the following data set, please do the following:

  1. Construct an x-y scatterplot of the data. Discuss what it tells you
  2. State your null hypothesis about the groups.
  3. Describe whether the data is cross-sectional or time-series in nature.
  4. Obtain the correlation coefficient. Use correlator.xls to determine your t-statistic, and the critical t-score. Does your t-stat exceed your t-critical?
  5. Obtain the best fit linear regression line.
  6. What confidence level for your correlation coefficient (1- p-value )?

DATA 1: Are oil and silver prices connected, oil is in the first column, silver in the second column.

84.22 19.31
84.57 19.63
84.39 19.19
84.97 19.35
85.86 19.47
86.44 19.51
86.76 20.1
86.49 19.81
86.72 19.79
86.37 19.83
86.12 20.1
85.74 19.9
85.7 19.82
85.72 20.16
84.31 19.89
83.88 19.7
84.43 19.22
84.16 19.16
84.48 19.3
84.98 19.1
85.74 19.39

Price: $2.99
Solution: The downloadable solution consists of 4 pages
Deliverable: Word Document


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