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Compute and interpret the sample correlation coefficient

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Reference no: EM132854437

SCMA 1000, STATISTICS

Daily Demand (Y) UNIT Price (X)47 139 335 544 3

34 6

20 8

15 16

30 6

(1) Compute and interpret(direction) the simple covariance for the above data.

(2) Compute and interpret (Strength) the sample correlation coefficient.

Reference no: EM132854437

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