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Five observations taken for two variables follow. Xi- 4 6 11 4 14 Yi- 50 50 40 50 30 Compute the sample covariance (to 1
Five observations taken for two variables follow.
Xi- 4 6 11 4 14
Yi- 50 50 40 50 30
Compute the sample covariance (to 1 decimal and enter negative value as negative figure).
Interpret the sample covariance.
Compute the sample correlation coefficient (to 3 decimals and enter negative value as negative figure).
Interpret the sample correlation coefficient. Hint: If the correlation coefficient is greater than 0.80 or less than -0.80, there is a strong relationship.
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