1. (2 pts.) We are going to analyze estimated average prices for five artists at ten-year...
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1. (2 pts.) We are going to analyze estimated average prices for five artists at ten-year intervals. These artists are: Alma Tadema 1836-1913 Breughel, Peter (Younger) 1564-1638 Courbet Renoir van Gogh 1819-1877 1841-1919 1853-1890 And the estimated prices (expressed in constant $1970) are given in "Homework 3 Data" in the tab Q1 - template (a) Using Excel, draw on one diagram a line graph of price against time for each artist. (b) Calculate the simple correlation coefficient between each pair of artists. Interpret these correlation coefficients and comment on them. 1. (2 pts.) We are going to analyze estimated average prices for five artists at ten-year intervals. These artists are: Alma Tadema 1836-1913 Breughel, Peter (Younger) 1564-1638 Courbet Renoir van Gogh 1819-1877 1841-1919 1853-1890 And the estimated prices (expressed in constant $1970) are given in "Homework 3 Data" in the tab Q1 - template (a) Using Excel, draw on one diagram a line graph of price against time for each artist. (b) Calculate the simple correlation coefficient between each pair of artists. Interpret these correlation coefficients and comment on them.
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