Solutions Statistics

The management of a regional bus line though the company’s cost of gas might be correlated with its

Question: The management of a regional bus line though the company’s cost of gas might be correlated with its passenger/ratio. The data and a correlation matrix follow. Comment.

Year		Average Wholesale Cost of Gas	Passengers/Miles
1		56.5	8.37
2		59.4	8.93
3		63.0	9.15
4		65.6	9.79
5		89.0	11.2

	Year	Price	Mile
Year (r)	1.00000	0.87016	0.95127
p-value	0.00000	0.05510	0.01280
Price (r)	0.87016	1.00000	0.97309
p-value	0.05510	0.00000	0.00530
Mile (r)	0.95127	0.97309	1.00000
p-value	0.01280	0.00530	0.00000