Correlation in Cost Variables
Not what you're looking for?
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.
Purchase this Solution
Solution Summary
Correlation in cost variables are determined.
Purchase this Solution
Free BrainMass Quizzes
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.
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
Tests knowledge of the three main measures of central tendency, including some simple calculation questions.