2. For the data in the table below:

i. What do the correlation coefficients of 1, shaded in yellow, indicate?

ii. The highest correlation coefficient is 0.84, shaded in green. What can you infer from

that score about the relationship between the two variables?

iii. The two lowest correlation coefficients are 0.06 and -0.06. What can you infer from that

score about the relationship between the two variables?

r correlation coefficient Assets Expense Ratio Return 2006 3-Year Return 5-Year Return

Assets 1

Expense Ratio -0.29 1.00

Return 2006 0.08 -0.13 1.00

3-Year Return 0.07 -0.11 0.70 1.00

5-Year Return 0.06 -0.06 0.59 0.84 1.00

3. The Indian cricket team is visiting New Zealand to play a test series comprising five

matches. In each match, assume that the Indian team has a 70% chance of winning.

Further, assuming that the matches are independent of each other, what is the

probability that:

a. The Indian team will win the series?

b. The team will win all five matches, and that the team will lose all