Find the covariance between x and y

Reference no: EM13188943

find the covariance between hourly wage X and education Y (measured in years of schooling) using the following summary statistics for a sample of 10 workers in a plant.
xbar = 11.775 ybar=13.8
sum of (x-xbar)(y-ybar) = 103.55
sum of xy =1728.5

a) find the covariance between x and y
b) interpret the results

Reference no: EM13188943

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