In: Statistics and Probability
In an effort to determine whether any correlation exists between
the price of stocks of airlines, an analyst sampled six days of
activity of the stock market. Using the following prices of Delta
stock and Southwest stock, compute the coefficient of correlation.
Stock prices have been rounded off to the nearest tenth for ease of
computation.
Delta | Southwest |
47.6 | 15.1 |
46.4 | 15.4 |
50.6 | 16.1 |
52.6 | 15.6 |
52.4 | 16.4 |
53.2 | 18.1 |