The management of Gibralter Inc. collected the following data over the most recent 12 months: Required Compute
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Compute the coefficient of correlation, r, and the coefficient of determination, r2, for shipping expense and sales revenue.
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Sales Revenue $26,500 30,000 29,000 28,000 27,000 25,500 30,000 33,000 35,000 32,000 30,500 33,500 Month Expense January . February... March 580 May ..mmor July 590 September... October November... December 620
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y n 7200 12 600 x n 360000 12 30000 r 2 9339 2 882 1 y Shipping Month Exp...View the full answer
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