Coefficient of Correlation & Determination
Not what you're looking for?
(15.42)
For each of 10 popular prescription drugs, file XR15042 lists the retrail price (in U.S. dollars) for the drug in secveral different countries, including the United States, Canada, Great Britain, and Australia. Determine and interpret the coefficients of correlation and determination for U. S. prices versus Canadian prices.
Drug US Price Canada Price Great Britain Price Australia Price
Prilosec 3.31 1.47 1.67 1.29
Prozac 2.27 1.07 1.08 0.82
Lipitor 2.54 1.34 1.67 1.32
Prevacid 3.13 1.34 0.82 0.83
Epogen 23.4 21.44 27.48 29.24
Zocor 3.16 1.47 1.73 1.75
Zoloft 1.98 1.07 0.95 0.84
Zyprexa 5.27 3.39 2.86 2.63
Claritin 1.96 1.11 0.41 0.48
Paxil 2.22 1.13 1.7 0.82
Purchase this Solution
Solution Summary
The solution provides step by step method for the calculation of correlation coefficient and coefficient of determination. Formula for the calculation and Interpretations of the results are also included.
Solution Preview
Please see the attachments.
.
Coefficient of Correlation & Determination - Drug Prices
15.42. For each of 10 popular prescription drugs, file XR15042 lists the retail price (in U.S. dollars) for the drug in several different countries, including the United States, Canada, Great Britain, and Australia. Determine and interpret the coefficients of correlation and determination for U. S. prices versus Canadian prices.
Drug US Price Canada Price Great Britain Price Australia ...
Purchase this Solution
Free BrainMass Quizzes
Terms and Definitions for Statistics
This quiz covers basic terms and definitions of statistics.
Know Your Statistical Concepts
Each question is a choice-summary multiple choice question that presents you with a statistical concept and then 4 numbered statements. You must decide which (if any) of the numbered statements is/are true as they relate to the statistical concept.
Measures of Central Tendency
This quiz evaluates the students understanding of the measures of central tendency seen in statistics. This quiz is specifically designed to incorporate the measures of central tendency as they relate to psychological research.
Measures of Central Tendency
Tests knowledge of the three main measures of central tendency, including some simple calculation questions.