Question: 24. Five observations taken for two variables follow. X; 4 6 11 3 16 yi 50 50 40 60 30 a. Develop a scatter diagram

24. Five observations taken for two variables follow. X; 4 6

24. Five observations taken for two variables follow. X; 4 6 11 3 16 yi 50 50 40 60 30 a. Develop a scatter diagram with x on the horizontal axis. b. What does the scatter diagram 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

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