Solution-Interpret the sample correlation coefficient

Interpret the sample correlation coefficient

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Reference no: EM131668348

Question: Five observations taken for two variables follow.

x_{i 4 6 11 3 16}

y_{i 50 50 40 60 30}

a. Develop a scatter diagram with x on the horizontal axis.

b. What does the scatter diagram developed in part a indicate about the relationship

c. Compute and interpret the sample covariance.

d. Compute and interpret the sample correlation coefficient.

Reference no: EM131668348

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Interpret the sample correlation coefficient

Reference no: EM131668348

Reference no: EM131668348

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