In: Statistics and Probability
Using the data below find the linear correlation coefficient.
x y xy x2 y2
3 4 12 9 16
4 6 24 16 36
5 7 35 25 49
7 12 84 49 144
8 14 112 64 196
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27 43 267 163 441
Also, utilizing the above data, find the slope and intercept.
Solution
Given that
x = 27
y = 43
xy = 267
x2 = 163
y2 = 441
n = 5
r = n ( xy )- (x ) (y) / n [ ( x2 ) - ( x )2 ] [ n (y2 ) - ( y )2
r = 5 (267) - (27 * 43)/ [ 5 * 163 - ( 27 ) 2 [5 * 441 - ( 43) 2 ]
r = 1335 - 1061 / 315 - 729 2205 - 1829
r = 174 / 86356
r = 174 / 9.2736 *18.868
r = 174 / 174.9743
r = 0.9944