Question: Consider the following sample data for two variables. x 7 6 2 3 y 6 8 11 5 a. Calculate the sample covariance. b. Calculate

Consider the following sample data for two variables.

x 7 6 2 3 y 6 8 11 5

a. Calculate the sample covariance.

b. Calculate the sample correlation coefficient.

c. Describe the relationship between x and y.

Business Applications AppendixLO1

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