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May 24, 2015

Homework Help: statistics

Posted by Jen on Thursday, September 5, 2013 at 5:23pm.

A car dealer is using the number of years customers have owned their vehicles to predict how long it will be before they elect to replace them. The correlation between the two is rxy = -.723 (the longer they have owned their present vehicles, the more quickly they are expected to replace them). The other relevant data are as follows for 32 customers

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