Question

In: Statistics and Probability

Five observations taken for two variables follow.X= 6 10   15   20   27 Y= 6   10   6  ...

Five observations taken for two variables follow.X= 6 10   15   20   27 Y= 6   10   6   18   12 a. What does the scatter diagram indicate about a relationship between and ? b. Compute the sample covariance (to 2 decimal). c Compute the sample correlation coefficient (to 3 decimals). What can you conclude, based on your computation of the sample correlation coefficient?   

Solutions

Expert Solution

By plotting the X on x axis and Y on y axis we get this scatter plot . Which shows that there is a positive relationship between X and Y . the relationship is good but not extremely strong .

Then the correlation coefficient between X and Y is

r = 0.6002

So clearly r is positive. That means there is positive association between X and Y . And as r is greater than 0.5 but less than 0.8 we can say there is moderate relationship between them .


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