Question

The following data contains​ coaches' salaries and team revenues​ (in millions of​ dollars) for ten college basketball teams. Use this data to complete parts​ (a) through​(c).

Salary		0.20.2	1.31.3	0.90.9	0.50.5	1.51.5	0.70.7	1.21.2	1.41.4	1.61.6	0.60.6
Revenue		1.21.2	16.216.2	4.84.8	4.34.3	13.813.8	5.55.5	9.69.6	9.49.4	8.18.1	7.27.2

a. Compute the covariance.

b. Compute the coefficient of correlation.

Answer 1

a	Covariance	1.4981
b	Coefficient of Correlation	0.7748

WORKINGS