A random sample of 8 drivers insured with a company and having similar auto insurance policies...

A random sample of 8 drivers insured with a company and having similar auto insurance policies was selected. The following table lists their driving experiences (in years) and monthly auto insurance premiums:

Driving Experience (years)	Monthly Auto Insurance Premium
5	$64
2	$87
12	$50
9	$71
15	$44
6	$56
25	$42
16	$60

a. Make a scatter plot of the data

b. Calculate the correlation coefficient

c. Calculate a simple linear regression with Premium as the dependent variable and Experience as the independent variable

d. Is there a relationship between Driving Experience and Insurance Premium? Describe the relationship.

e. Predict the Monthly Auto Insurance Premium for a driver with 10 years of driving experience.

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orchestra answered 1 year ago

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