Question

the number of domestic flights in the United States over several years. To save typing, I...

the number of domestic flights in the United States over several years. To save typing, I have enclosed only the data from 2008 to 2015.

(a) Make a scatterplot of the data using Year as the explanatory variable and Flights as the response variable.

(b)   Discuss the direction, form, and strength of the relationship.

(c)   Compute the correlation coefficient.

(d)   Does this prove that the number of U.S. domestic flights is decreasing as time passes?? Why or why not?

Year      2008            2009         2010            2011            2012          2013              2014         2015

Flight   9378227     8768938    8702365     8649087   8446200    8323938    8107802      8061158

Homework Answers

Answer #1

I used R software to solve this question.

R codes and output:

year=seq(2008,2015);year

[1] 2008 2009 2010 2011 2012 2013 2014 2015
flight=c(9378227,8768938,8702365,8649087,8446200,8323938,8107802,8061158)
plot(year,flight,main='Scatter plot')
cor(year,flight)

[1] -0.9516743

Que. a

Que.b

Here we see that as year increases, number of flight decreases. It means there is negative correlation between number of flights and years.

Except one point, all the points are lie in a straight line. Hence it is high degree negative correlation.

Que.c

Correlation =  -0.9516743

Que.d

Yes, it proves that the number of U.S. domestic flights is decreasing as time passes , because value of correlation coefficient is negative and very (high) close to -1.  

Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
The following information is from General Electric Corporation annual reports. YearRevenue ($ million)Employees Year Revenue ($...
The following information is from General Electric Corporation annual reports. YearRevenue ($ million)Employees Year Revenue ($ million) Employees (000) 2004 134 298 2005 152 302 2006 157 316 2007 168 323 2008 177 336 2009 183 324 2010 150 297 2011 147 290 2012 147 300 2013 146 308 2014 149 302 2015 151 326 Compute a simple index for the number of employees for GE using the period 2004−06 as the base. (Round your answers to 1 decimal place.)...
Create the following forecasts: a 4-period moving average forecast, an exponential smoothing forecast with alpha=0.2, and...
Create the following forecasts: a 4-period moving average forecast, an exponential smoothing forecast with alpha=0.2, and a linear trend forecast for your data. Calculate the MSE and MAPE for each. Plot the original series, and each of the forecasts. Create forecasts for 2017 Q1, 2017 Q2, 2017 Q3 and 2017 Q4 using each of these three techniques. If you had to choose one of these, which would you choose and why? Given your data, and this time period, would you...
The table below displays returns associated with a company's shares over the last 15 years. Year...
The table below displays returns associated with a company's shares over the last 15 years. Year Return (% pa) 2005 23 2006 17 2007 11 2008 15 2009 12 Year Return (% pa) 2010 31 2011 2 2012 16 2013 8 2014 31 Year Return (% pa) 2015 29 2016 5 2017 26 2018 6 2019 1 Based on this historic data, calculate the expected return on the shares and its standard deviation. Give your answers as a percentage per...
The table below displays returns associated with a company's shares over the last 15 years. Year...
The table below displays returns associated with a company's shares over the last 15 years. Year Return (% pa) 2005 9 2006 -2 2007 20 2008 -4 2009 18 Year Return (% pa) 2010 8 2011 19 2012 1 2013 13 2014 -2 Year Return (% pa) 2015 35 2016 -3 2017 28 2018 18 2019 31 Based on this historic data, calculate the expected return on the shares and its standard deviation. Give your answers as a percentage per...
Listed below is the number of movie tickets sold at the Library Cinema-Complex, in thousands, for...
Listed below is the number of movie tickets sold at the Library Cinema-Complex, in thousands, for the period from 2004 to 2016. Compute a five-year weighted moving average using weights of 0.12, 0.11, 0.25, 0.14, and 0.38, respectively. Describe the trend in yield. (Round your answers to 3 decimal places.) 2004 8.8 2005 8.34 2006 7.71 2007 6.75 2008 7.38 2009 6.96 2010 6.81 2011 6.8 2012 5.82 2013 5.86 2014 5.74 2015 5.31 2016 5.25 Click here for the...
Suppose you are given the following end of year stock price data for Random Inc. stock....
Suppose you are given the following end of year stock price data for Random Inc. stock. Assume the returns are normally distributed, calculate the standard deviation of the annual returns. (Enter percentages as decimals and round to 4 decimals). Year Price 2005 43.65 2006 44.01 2007 45.77 2008 53.04 2009 45.67 2010 59.05 2011 46.88 2012 49.24 2013 43.99 2014 42.67 2015 48.14
Suppose you are given the following end of year stock price data for Random Inc. stock.  Assume...
Suppose you are given the following end of year stock price data for Random Inc. stock.  Assume the returns are normally distributed, calculate the lower bound of the 68% confidence interval.  (Enter percentages as decimals and round to 4 decimals). Year Price 2005 43.65 2006 44.01 2007 45.77 2008 53.04 2009 45.67 2010 59.05 2011 46.88 2012 49.24 2013 43.99 2014 42.67 2015 48.14
(number 6) Below is a table found from the Bureau of Labor Statistics. Year CPI (index)...
(number 6) Below is a table found from the Bureau of Labor Statistics. Year CPI (index) Year CPI (index) 2000 172.2 2009 214.5 2001 177.1 2010 218.1 2002 179.9 2011 224.9 2003 184.0 2012 229.6 2004 188.9 2013 233.0 2005 195.3 2014 236.7 2006 201.6 2015 237.0 2007 207.3 2016 240.0 2008 215.3 What is the percent difference between 2015 and 2006? In 2006, my family income was $44,000. In 2016, my family income was $52,000. Using the percent change...
The following data show the number of issues from Initial Public Offerings (IPOs) from 2006 to...
The following data show the number of issues from Initial Public Offerings (IPOs) from 2006 to 2019 released by the Security Data Company. Use these data to develop forecasts for the year. YEAR 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 NUMBER OF ISSUES 133 169 151 122 120 127 136 151 166 157 157 186 160 190 (a) Calculate three years moving average forecasts for the year 2020. Also evaluate the quality of...
The following table lists a portion of the data representing the annual returns (in percent) over...
The following table lists a portion of the data representing the annual returns (in percent) over a 10-year period for the Balanced mutual fund, a top-performing mutual fund from the Janus Capital Group. (You may find it useful to reference the z table.). Year Return 2007 10.15 2008 -15.22 2009 24.28 2010 7.83 2011 1.44 2012 13.07 2013 19.72 2014 8.46 2015 0.60 2016 4.51 Calculate the value of the test statistic, assuming that the sampling distribution of T is...