In an effort to determine whether any correlation exists between
the price of stocks of airlines, an analyst sampled six days of
activity of the stock market spread out over 4 months. Using the
following prices of Delta stock and Southwest stock, compute the
coefficient of correlation. Stock prices have been rounded off to
the nearest tenth for ease of computation.
Delta | Southwest |
45.96 | 38.76 |
46.6 | 45.41 |
47.93 | 16.0 |
51.78 | 49.58 |
52.17 | 44.34 |
47.46 | 17.8 |
(Round the intermediate values to 2 decimal places.
Round your answer to 3 decimal places.)
The statistical software output for this problem is:
Hence,
Correlation coefficient = 0.415
In an effort to determine whether any correlation exists between the price of stocks of airlines, an analyst sampled six...
End of Section Problem 12.3 In an effort to determine whether any correlation exdsts between the price of stocks of airlines, an analyst sampled six days of activity of the stock market spread out over 4 months Using the following prices of Delta stock and Southwest stock, compute the coefficient of correlation. Stock prices have been rounded off to the nearest tenth for ease of computation em Delta 5.96 50.14 47.93 51.78 2.17 46.96 Southwest 38.76 45.41 5.74 49.58 44.34...