The following table shows observations on womens weekly working hours and her number of kids. Weekly working
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Question:
The following table shows observations on women’s weekly working hours and her number of kids.
Weekly working hours | Number of kids |
40 | 0 |
35 | 1 |
0 | 2 |
20 | 2 |
30 | 0 |
Use the population version of variance and covariance formulas to answer the following questions.
Q31 Determine the covariance between the variables.
(a) -3.4
(b) -0.47
(c) -10
(d) -2.4
(e) -1.9
Answer (c) -10
Q32 Suppose that the standard deviations for the variables are 14.14 and 0.89. Determine the correlation coefficient
(a) -0.1327
(b) -0.7946
(c) 0.5187
(d) -0.9183
(e) -0.3971
Answer (b) -0.7946
Related Book For
Microeconomics A Contemporary Introduction
ISBN: 978-1111415921
9th edition
Authors: William A. McEachern
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