Covariance is calculated between Salary and Revenue
Covariance can be calculated using excel as follows
A | B | C | D | E | G | H | I | J | K | ||
1 | Salary | 1.5 | 1.7 | 0.8 | 0.5 | 1.9 | 0.2 | 1.8 | 1.6 | 0.4 | 1.2 |
2 | Revenue | 16.2 | 17.9 | 11.6 | 3.5 | 9.7 | 1.1 | 7.9 | 11.9 | 3.2 | 5.7 |
Covariance | 2.2889 | Excel formula=COVAR(A1:K1,A2:K2) |
Covariance is 2.289
A | B | C | D | E | G | H | I | J | K | ||
1 | Salary | 1.5 | 1.7 | 0.8 | 0.5 | 1.9 | 0.2 | 1.8 | 1.6 | 0.4 | 1.2 |
2 | Revenue | 16.2 | 17.9 | 11.6 | 3.5 | 9.7 | 1.1 | 7.9 | 11.9 | 3.2 | 5.7 |
Covariance | 2.544 | Excel formula=COVARIANCE.S(A1:K1,A2:K2) |
Covarinace with Sample mean is 2.544
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Statistics 8 Question Help The following data contains coaches' salaries and team revenues (in millions of...
Statistics 8 ίΞ Question Help * 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 Salary 1.5 .70.8 0.5 1.9 0.2 1.8 1.6 0.4 1.2 Revenue 16.2 17.9 11.6 3.5 9.7 1.17.9 11.9 3.2 5.7 a. Compute the covariance. 2.544 (Round to three decimal places as needed.) b. Compute the coefficient of correlation (Round to three decimal places as needed.)
Statistics 8 Ξ Question Help 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 Salary 0.9 0.5 0.6 17 0.7 1.8 0.2 1.6 0.3 1.4 Revenue 4.4 5.9 9.5 7.4 8.2 9.4 18 9.6 4.7 11.0 a. Compute the covariance (Round to three decimal places as needed.)
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