Following is a random sample of price per piece of plywood, X, and quantity sold, Y (in
Question:
Price per Piece (x) Thousands of Pieces Sold (y)
$6 ...............80
7 ...............60
8 ...............70
9 ...............40
10 ............... 0
a. Compute the covariance.
b. Compute the correlation coefficient.
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Related Book For
Statistics For Business And Economics
ISBN: 9780132745659
8th Edition
Authors: Paul Newbold, William Carlson, Betty Thorne
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