The management of a regional bus line thought its cost of gas might be correlated with its passenger
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 |
Price: $2.99
Solution: The solution consists of 1 page
Type of Deliverable: Word Document
Type of Deliverable: Word Document
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