The following data represent the daily demand (y in thousands of units) and the unit price (x in dollars) for a product. Daily Demand (y) 52 44 40 49 39 25 20 35 Unit Price (x) 1 3 5 3 6 00 8 16 6 (a) Compute the sample covariance for the above data. Interpret the sample covariance. O Since the covariance is negative, it indicates no relationship between x and y. O Since the covariance is negative, it indicates a negative relationship between x and y. O Since the covariance is zero, it indicates a positive relationship between x and y. positive relationship between x and y. O Since the covariance is positive, it indicates O Since the covariance is zero, it indicates no relationship between x and y. (b) Compute the sample correlation coefficient. (Round your answer to three decimal places.) 200m

(a) Compute the sample covariance for the above data. Interpret the sample covariance. Since the covariance is negative, it indicates no relationship between x and y. Since the covariance is negative, it indicates a negative relationship between x and y. Since the covariance is zero, it indicates a positive relationship between x and y. Since the covariance is positive, it indicates a positive relationship between x and y. Since the covariance is zero, it indicates no relationship between x and y. (b) Compute the sample correlation coefficient. (Round your answer to three decimal places.)