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In an Effort to Decide If There Is an Association

question 118

Essay

In an effort to decide if there is an association between the year of a postal increase and the new postal rate for first class mail, the data were gathered from the United States Postal Service. In 1981, the United States Postal Service changed their rates on March 22 and November 1. This information is shown in the table below.

YearRate19710.0819740.1019750.1319780.1519810.1819810.2019850.2219880.2519910.2919950.32\begin{array}{|c|c|}\hline \text {Year} & \text {Rate} \\\hline 1971 & 0.08 \\\hline 1974 & 0.10 \\\hline 1975 & 0.13 \\\hline 1978 & 0.15 \\\hline 1981 & 0.18 \\\hline 1981 & 0.20 \\\hline 1985 & 0.22 \\\hline 1988 & 0.25 \\\hline 1991 & 0.29 \\\hline 1995 & 0.32 \\\hline\end{array}

-Make a scatterplot and describe the association between the year and the first class postal rate.


Definitions:

FSGO

The Federal Sentencing Guidelines for Organizations, a framework that incentivizes organizations in the United States to install and maintain ethics and compliance programs to mitigate punishment for offenses.

Ethical Compliance

Adhering to laws, regulations, standards, and ethical practices that are applicable to an organization's operations and conduct.

Probation

A period of supervision over an offender, ordered by the court instead of serving time in prison.

Federal Sentencing Guidelines

A set of rules that set out a uniform sentencing policy for individuals and organizations convicted of felonies and serious (Class A) misdemeanors in the United States federal courts system.

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