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Statement of a problem № m1188

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The table below shows the number of cars (in millions) sold in the United States for various years and the percent of those cars manufactured by GM.  Use a statistical software package to answer the following questions. a. Is the number of cars sold directly or indirectly related to GM’s percentage of the market? Draw a scatter diagram to show your conclusion. b. Determine the correlation coefficient between the two variables. Interpret the value. c. Is it reasonable to conclude that there is a negative association between the two variables? Use the .01 significance level. d. How much of the variation in GM’s market share is accounted for by the variation incars sold?

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