Question
A manager of a local retail store analyzes the relationship between advertising and sales by reviewing the store's data for the previous six months. Advertising(in
A manager of a local retail store analyzes the relationship between advertising and sales by reviewing the store's data for the previous six months.
Advertising(in $100s) Sales(in $1,000s)
26 21
28 20
22 17
32 25
24 20
31 26
b.Calculate the standard deviation of advertising and the standard deviation of sales.(Round your answers to 2 decimal places.)
c-1.Calculate thecovariance between advertising and sales.(Round your answer to 2 decimal places.)
d.Calculatethe correlation coefficient between advertising and sales.(Round your answer to 2 decimal places.)
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