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The management of a regional bus line thought its cost of gas might be correlated with its passenger/mile ratio. Comment on the data and correlation matrix below.
Avg. Wholesale Cost of Gas
Passenger/Mile Ratio
56.5
8.37
59.4
8.93
63.0
9.15
65.6
9.79
89.0
11.20
Correlation/Coefficients/Probability > IRI under Ho: RHO = 0/N = 5
Year
Price
Mile
1.00000
0.87016
0.95127
0.0000
0.0551
0.0128
0.97309
0.0053
1.0000
0.00000
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