A corporation administers an aptitude test to all new sales representatives. Management is interested in the extent

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A corporation administers an aptitude test to all new sales representatives. Management is interested in the extent to which this test is able to predict weekly sales of new representatives. Aptitude test scores range from 0 to 30 with greater scores indicating a higher aptitude. Weekly sales are recorded in hundreds of dollars for a random sample of 10 representatives. Test scores and weekly sales are as follows:
A corporation administers an aptitude test to all new sales

a. Compute the covariance between test score and weekly sales.
b. Compute the correlation between test score and weekly sales.

Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...
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Statistics For Business And Economics

ISBN: 9780132745659

8th Edition

Authors: Paul Newbold, William Carlson, Betty Thorne

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