Consider the following set of data: x 48 27 34 24 49 29 39 38 46 32

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Consider the following set of data:

x 48 27 34 24 49 29 39 38 46 32 y 47 23 31 20 50 48 47 47 42 47

a. Calculate the correlation coefficient of these two variables.

b. Multiply each value of the variable x by 5 and add 10 to the resulting products. Now multiply each value of the variable y by 3 and subtract 7 from the resulting products. Finally, calculate the correlation coefficient of the new x and y variables.

c. Describe the principle that the example developed in parts a and b demonstrates.

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Business Statistics

ISBN: 9781292220383

10th Global Edition

Authors: David Groebner, Patrick Shannon, Phillip Fry

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