Data and correlation matrix

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Reference no: EM1315952

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
Year	1.00000	0.87016	0.95127
	0.0000	0.0551	0.0128
Price	0.87016	1.00000	0.97309
	0.0551	0.0000	0.0053
Mile	0.95127	0.97309	1.0000
	0.0128	0.0053	0.00000

Reference no: EM1315952

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