[Step-by-Step] The management of a regional bus line thought its cost of gas might be correlated with its passenger/mile ratio. Comment on the data and
Question:
The management of a regional bus line thought its cost of gas might be correlated with its passenger/mile ratio. Comment on the data and correlation matrix below.
| Average Wholesale cost of gas | Passenger / Mile Ratio |
|
56.6
59.4 63.0 65.6 89.0 |
8.37
8.93 9.15 9.79 11.20 |
|
Correlation Coefficients/Probability > IRI
Under H0: RHO = 0/N =5 |
|||
| Year | Price | Mile | |
|
Year
Price Mile |
1.00000
.0000 .87016 .0551 .95127 .0128 |
.87016
.0551 1.00000 .0000 .97309 .0053 |
.95127
.0128 .97309 .0053 1.00000 .0000 |
Deliverable: Word Document 
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