Joseph bought a brand new car 6 years ago for $22,250. The table below shows v(n), the value of the car t years since it was purchased
What is the correlation coefficient between 1 and v(n), and what does the coefficient indicate?
The correlation coefficient is -0.955 and indicates a very weak linear association
The correlation coefficient is -0.913 and indicates a very weak linear association
The correlation coefficient is -0.913 and indicates a strong negative linear association
The correlation coefficient is -0.955 and indicates a strong negative linear association
F.
G
H.
J
t
0
1
2
3
4
5
6
v(t) $22,250 $16.200 $11.700 $8,100 $6,300 $4.950 $3.825
5