Statement of a problem № m1124


The owner of Maumee Ford-Mercury-Volvo wants to study the relationship between the age of a car and its selling price. Listed below is a random sample of 12 used cars sold at the dealership during the last year.  a. Draw a scatter diagram. b. Determine the correlation coefficient. c. Interpret the correlation coefficient. Does it surprise you that the correlation coefficient isnegative?

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