Question

Five auditors participated in an experiment. Each was asked to identify errors or “red flags” in the financial statements of a fictitious company. The time that each of the five took to do the audit and the number of “red flags” properly identified were recorded, with the following results:
Time (min) Red Flags
190........ 20
160........ 40
150........ 30
180........ 25
170........ 35
Show the scatter diagram. Compute and interpret the covariance.


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  • CreatedJuly 16, 2015
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