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The following data sets are annual growth rates for two products X 2018 2019 2020 2021 2022 Calculate the correlation coefficient between X and

Using the correlation coefficient, the relationship between product X and Y a. is mildly correlated b. is

The following data sets are annual growth rates for two products X 2018 2019 2020 2021 2022 Calculate the correlation coefficient between X and Y 14% 16% 5% 9% 11% Y 9% 6% 12% 11% 9% Using the correlation coefficient, the relationship between product X and Y a. is mildly correlated b. is slightly negatively correlated appears to be highly negatively correlated d is perfectly positively correlated

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SOLUTION To calculate the correlation coefficient between X and Y we can use the following steps 1 Calculate the mean average of both X and Y 2 Calculate the difference between each value of X and the ... blur-text-image

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