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Calculate the covariance and the correlation coefficient

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Reference no: EM132850386

Given the following sample data:

x 420 610 625 500 400 450 550 650 480 565

y 2.80 3.60 3.75 3.00 2.50 2.70 3.50 3.90 2.95 3.30

a. Calculate the covariance and the correlation coefficient. Discuss what they represent.

b. Briefly discuss the relationship between x and y and what do these statistics tell you.

Reference no: EM132850386

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