Question: Please help with both, will like answer immediately after. QUESTION 5 3 points Save Answer The following sample represents the daily demand (y in units)

Please help with both, will like answer

Please help with both, will like answer immediately after.

QUESTION 5 3 points Save Answer The following sample represents the daily demand (y in units) and the unit price (x in dollars) for a product. Answer questions 5-6. Daily Demand (y_i) Unit Price (xi) V-7^2 (X; - )^2 (x;-)(;-D y_1 X_1 25 19 15 X_2 1 JO 0 y_2 y_3 X_3 25 9 15 y_4 4 1 12 X_4 X_5 ly_5 3 What is the covariance of the two variables (Daily Demand and Unit Price)? 05 07 8.75 O 12 QUESTION 6 4 points Save Answer What is the correlation coefficient of the two variables (Daily Demand and Unit Price)? 5 5 5 Sxy O 51.2 O 8.944 O 7.155 O 80

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!