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How compute the coefficient of correlation

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Reference no: EM132626103

The following data contains? coaches' salaries and team revenues? (in millions of? dollars) for ten college basketball teams. Use this data to complete parts? (a) through? (c).

Salary
0.8 1.3
0.5 1.2
1.4 1.7
1.5 1.6
0.9 0.6


Revenue
6.7 9.7
3.5 7.8
16.7 12.6
11.6 15.4
3.9 9.4

Question a. Compute the covariance.

Question b. Compute the coefficient of correlation.

Question c. What conclusions can you reach about the relationship between a? coach's salary and? revenue?

A. There is a strong positive relationship between a? coach's salary and revenue. As a? coach's salary? increases, revenue always increases.

B. There is a moderate positive relationship between a? coach's salary and revenue. As a? coach's salary? increases, revenue tends to increase.

C. There is no relationship between a? coach's salary and revenue.

D. There is a slight relationship between a? coach's salary and revenue. Increases in a? coach's salary cause increases in revenue.

Reference no: EM132626103

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