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

Five observations taken for two variables follow.4 6 11 3 16 Xi 50 50 40 60 30 Yi

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.

4 6 11 3 16 Xi 50 50 40 60 30 Yi

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