Answered step by step
Verified Expert Solution
Question
...
1 Approved Answer
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.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
![blur-text-image](https://dsd5zvtm8ll6.cloudfront.net/includes/images/document_product_info/blur-text-image.webp)
Get Instant Access with AI-Powered Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
![blur-text-image](https://dsd5zvtm8ll6.cloudfront.net/includes/images/document_product_info/blur-subtext-image.webp)
Step: 3
![blur-text-image](https://dsd5zvtm8ll6.cloudfront.net/includes/images/document_product_info/blur-subtext-image.webp)
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started