The following is a set of data from a sample of n=11 items. Complete parts (a) through.(c). X 4 19 17 15 12 7 11 6 10 13 18 Y 8 38 34 30 24 14 22 12 20 26 36 Compute the covariance. Compute the coefficient of correlation. How strong is the relationship between X and Y? Explain. Compute the sample mean for X, rounding to six decimal places. Upper X overbarXequals=37.63636437.636364 Compute the sample mean for Y, rounding to six decimal places. Upper Y overbarYequals=12.54545512.545455 Compute the covariance for X and Y, rounding to three decimal places. i need to know each step in finding the covariance.
The following is a set of data from a sample of n=11 items. Complete parts (a)...
The following is a set of data from a sample of n = 11 items. Complete parts (a) through (c). O х Y 24 12 34 17 24 12 22 11 12 6 14 7 34 17 34 17 32 16 20 10 6 3 a. Compute the sample covariance. (Round to three decimal places as needed.)
a. Compute the sample covariance. 112.255 (Round to three decimal places as needed.) b. Compute the coefficient of correlation. r= 1.000 (Round to three decimal places as needed.) c. How strong is the relationship between X and Y? Explain. A. The variables X and Y have a perfect negative correlation because all points fall on a straight line with a negative slope. B. The variables X and Y have a perfect positive correlation because all points fall on a straight...
please show your work step by step, don't put it in writing sometime i can't read it, use excel its very important, show me the formula so i can see how u do it The following is a set of data from a sample of n = 11 items. Complete parts (a) through (c). o X Y 16 32 8 16 17 34 12 24 18 36 3 6 10 20 19 38 4 8 7 14 15 30 a....
Consider the following sample data: x 13 3 5 15 6 y 389 206 97 35 6 b-1. Calculate the sample covariance. (Round intermediate calculations to at least 4 decimal places and final answer to 2 decimal places.) Sample covariance b-2. Interpret the sample covariance. The covariance indicates that x and y have a positive linear relationship. The covariance indicates that x and y have a negative linear relationship. The covariance indicates that x and y have no linear relationship....
x 7 10 8 4 3 y 8 11 9 5 4 a. Calculate the covariance between the variables. (Negative value should be indicated by a minus sign. Round your intermediate calculations to 4 decimal places and final answer to 2 decimal places.) b-1. Calculate the correlation coefficient. (Round your intermediate calculations to 4 decimal places and final answer to 2 decimal places.) b-2. Interpret the correlation coefficient. There is _____ no, a weak negative, a weak positive, a strong...
Consider the following set of data. (19, 11), (26, 53), (65, 28), (77, 20), (108, 56), (118, 11) (a) Calculate the covariance of the set of data. (Give your answer correct to two decimal places.) A = -5.63 (b) Calculate the standard deviation of the six x-values and the standard deviation of the six y-values. (Give your answers correct to three decimal places.) sx = sy = (c) Calculate r, the coefficient of linear correlation, for the data in part...
Consider the following sample data: x 11 7 5 5 4 y 3 10 13 6 11 Click here for the Excel Data File a. Calculate the covariance between the variables. (Negative value should be indicated by a minus sign. Round your intermediate calculations to 4 decimal places and final answer to 2 decimal places.) Covariance b. Calculate the correlation coefficient. (Round your intermediate calculations to 4 decimal places and final answer to 2 decimal places.) Correlation coefficient
The following data represent the unit price (x is dollars) and daily demand (y in units) of a product. Unit Price ($x) Unit demand ) 14 + 4 12 11 8 7 7 9 a. Compute the mean of x. D b. Compute the mean of y. C. Compute the sample covariance for the data. d. Compute the standard deviation of x. D e. Compute the standard deviation of y. D f. Compute the sample correlation coefficient. g. Explain what...
Consider the following set of data. (15, 12), (34, 45), (62, 31), (78, 18), (106, 64), (122, 12) (a) Calculate the covariance of the set of data. (Give your answer correct to two decimal places.) (b) Calculate the standard deviation of the six x-values and the standard deviation of the six y-values. (Give your answers correct to three decimal places.) sx = sy = (c) Calculate r, the coefficient of linear correlation, for the data in part (a). (Give your...
Consider the following sample data for two variables. IC x 4 2 2 16 y 9 10 16 5 311 a. Calculate the sample covariance b. Calculate the sample correlation coefficient. c. Describe the relationship between x and y ell 1( a. S xy Round to two decimal places as needed) hi