Question: 24. Scatter Chart. Five observations taken for two variables follow.+ a. Develop a scatter chart with x on the horizontal axis. b. What does the

24. Scatter Chart. Five observations taken for two variables follow.+X 4 6 11 3 16 50 50 40 60 30

a. Develop a scatter chart with x on the horizontal axis.

b. What does the scatter chart developed in part a indicate about the relationship between the two variables?

c. Compute and interpret the sample covariance.

d. Compute and interpret the sample correlation coefficient.

X 4 6 11 3 16 50 50 40 60 30

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