Below is a table of average gold prices for each of six years, along with annual sales
Question:
a. Compute the covariance.
b. Compute the correlation coefficient and indicate what conclusions can be drawn.
Transcribed Image Text:
2005 2006 2007 2008 2009 2010 Gold Price (S/ounce)* 445 603 696 872 972 1224 Equipment Sales ($000) 500 680 841 733 866 820
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Related Book For
Understanding Business Statistics
ISBN: 978-1118145258
1st edition
Authors: Stacey Jones, Tim Bergquist, Ned Freed
Question Posted:
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