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The following data contains coaches' salaries and team revenues (in millions of dollars) for ten college basketball teams. Use this data to complete parts (a)
The following data contains coaches' salaries and team revenues (in millions of dollars) for ten college basketball teams. Use this data to complete parts (a) through (c).
Salary: 1.1 0.2 1.5 0.4 0.9 1.3 1.4 1.2 0.8 0.3
Revenue : 16.2 2.4 16.4 5.5 3.7 6.2 18.5 14.1 12.5 3.9
a. compute the covariance (round to three decimal places as needed)
b. . Compute the coefficient of correlation.
c. What conclusions can you reach about the relationship between a coach's salary and revenue?
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