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Table 1. Variable level Data Ice Cream Sales vs Temperature Observation # Temperature C Ice Cream Sales 1 14.2 $215 2 16.4 $325 3 11.9
Table 1.Variable level Data
Ice Cream Sales vs Temperature | ||
Observation # | Temperature C | Ice Cream Sales |
1 | 14.2 | $215 |
2 | 16.4 | $325 |
3 | 11.9 | $185 |
4 | 15.2 | $332 |
5 | 18.5 | $406 |
6 | 22.1 | $522 |
7 | 19.4 | $412 |
8 | 25.1 | $614 |
9 | 23.4 | $544 |
10 | 18.1 | $421 |
(please use Table 1. to answer the questions)
- Please calculate the covariance as a measure of the relationship between the two variables of interest (ice cream sales vs. temperature). Please show all your work. Use a table or use Excel.
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