Correlation between costs of tickets purchased in advanced


Assignment:

Construct a scatterplot, find the value of the linear correlation coefficient r, and find the critical values of r from Table A-6 using ?? =0 .05. Determine whether there is sufficient evidence to support a claim of a linear correlation between the two variables. (Save your work because the same data sets will be used in Section exercises.)

Air Fares Listed below are costs (in dollars) of air fares for different airlines from New York City (JFK) to San Francisco. The costs are based on tickets purchased 30 days in advance and one day in advance, and the airlines are US Air, Continental, Delta, United, American, Alaska, and Northwest. Is there sufficient evidence to conclude that there is a linear correlation between costs of tickets purchased 30 days in advance and those purchased one day in advance?

30 Days

244

260

264

264

278

318

280

One Day

456

614

567

943

628

1088

536

Request for Solution File

Ask an Expert for Answer!!
Basic Statistics: Correlation between costs of tickets purchased in advanced
Reference No:- TGS02065993

Expected delivery within 24 Hours