Explore BrainMass
Share

Explore BrainMass

    Correlation in Cost Variables

    This content was COPIED from BrainMass.com - View the original, and get the already-completed solution here!

    The attachment for the question contains the top 100 hotel restaurants in the United States and the variables state, city, restaurant, hotel, cost (estimated price of dinner including one drink and tip), and ranking (1 to 100, with the 1 top rated restaurant).

    Which Five Number Summary is correct for the Cost variable?

    A. Min=43 | 1st Qrtile=57 | Median=69 | 3rd Qrtile=78 | Max=179
    B. Min=43 | 1st Qrtile=57 | Median=70 | 3rd Qrtile=78 | Max=179
    C. Min=43 | 1st Qrtile=57 | Median=69 | 3rd Qrtile=77 | Max=179
    D. Min=43 | 1st Qrtile=57 | Mean=69 | 3rd Qrtile=78 | Max=179

    What is the correlation coefficient between the variables rating and dinner Cost?
    A. -.79
    B. .54
    C. -.29
    D. .30
    Based on the correlation above, which statement is true?
    A. There is a negative and strong relationship between Rank and Cost.
    B. There is a negative and weak relationship between Rank and Cost.
    C. There is a positive and weak relationship between Rank and Cost.
    D. There is a positive and strong relationship between Rank and Cost.

    © BrainMass Inc. brainmass.com October 10, 2019, 6:04 am ad1c9bdddf
    https://brainmass.com/statistics/correlation/correlation-cost-variables-527464

    Attachments

    Solution Summary

    Correlation in cost variables are determined.

    $2.19