Question

1. The following attachment contains the values of two different financial stocks during a one month...

1. The following attachment contains the values of two different financial stocks during a one month period. What is the coefficient of correlation between the two values?

Date APPEL   GOOGLE
2/22/2017 137.11 829.59
2/23/2017 136.52 830.46
2/24/2017 136.66 848.4
2/27/2017 136.92 852.11
2/28/2017 136.99 848.78
3/1/2017 139.78 847.2
3/2/2017 138.96 845.61
3/3/2017 139.77 845.53
3/6/2017 139.33 843.25
3/7/2017 139.52 838.67
3/8/2017 139 835.36
3/9/2017 138.67 831.9
3/10/2017 139.13 827.78
3/13/2017 139.19 829.08
3/14/2017 138.99 830.63
3/15/2017 140.46 835.23
3/16/2017 140.69 823.21
3/17/2017 139.99 829.28
3/20/2017 141.46 828.64
3/21/2017 139.83 831.33
3/22/2017 141.41 830.76

a. 0.60

b. -0.86

c. -0.42

d. -0.61

Homework Answers

Answer #1

For the given values

Key

X: X Values=APPEL
Y: Y Values= GOOGLE
Mx: Mean of X Values
My: Mean of Y Values
X - Mx & Y - My: Deviation scores
(X - Mx)2 & (Y - My)2: Deviation Squared
(X - Mx)(Y - My): Product of Deviation Score


X Values
∑ = 2920.38
Mean = 139.066
∑(X - Mx)2 = SSx = 43.735

Y Values
∑ = 17562.8
Mean = 836.324
∑(Y - My)2 = SSy = 1488.785

X and Y Combined
N = 21
∑(X - Mx)(Y - My) = -108.314

Hence

r Calculation
r = ∑((X - My)(Y - Mx)) / √((SSx)(SSy))

r = -108.314 / √((43.735)(1488.785)) = -0.4245

So correlation coefficient is -0.42

Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
A manufacturing company is purchasing metal pipes of standard length from two different suppliers, ABC and...
A manufacturing company is purchasing metal pipes of standard length from two different suppliers, ABC and XYZ. In the past two months there are increasing complaints by the Production Manager that delivery times by ABC present higher variability in comparison to the delivery times by XYZ. The Production Manager is worried that this variability will make it harder to efficiently schedule the production process. If the variance of XYZ remains unchanged, what should be the variance of ABC in order...
A manufacturing company is purchasing metal pipes of standard length from two different suppliers, ABC and...
A manufacturing company is purchasing metal pipes of standard length from two different suppliers, ABC and XYZ. In the past two months there are increasing complaints by the Production Manager that delivery times by ABC present higher variability in comparison to the delivery times by XYZ. The Production Manager is worried that this variability will make it harder to efficiently schedule the production process. Does the sample data indicate a statistically significant difference at the 5% level? Justify your answer....
A manufacturing company is purchasing metal pipes of standard length from two different suppliers, ABC and...
A manufacturing company is purchasing metal pipes of standard length from two different suppliers, ABC and XYZ. In the past two months there are increasing complaints by the Production Manager that delivery times by ABC present higher variability in comparison to the delivery times by XYZ. The Production Manager is worried that this variability will make it harder to efficiently schedule the production process. Does the sample data indicate a statistically significant difference at the 5% level? Justify your answer....
A box contains four slips of paper marked 9, 10, 11, and 12. Two slips are...
A box contains four slips of paper marked 9, 10, 11, and 12. Two slips are selected without replacement. List the possible values for each of the following random variables shown below: (a) x = sum of the two numbers 20, 21, 23, 24, 26 20, 22, 24, 26, 28    9, 10, 11, 12, 13 19, 20, 21, 22, 23 19, 21, 23, 25, 27 (b) y = difference between the first and second numbers -3, -1, 1, 3 -5,...
The table below shows average daily sales of Rice Krispies in the month of June in...
The table below shows average daily sales of Rice Krispies in the month of June in 74 Noodles & Company restaurants. Use the following data set and answer the questions 32 8 14 20 28 19 37 31 16 16 16 29 11 34 31 18 22 17 27 16 24 49 25 18 25 21 15 16 20 11 21 29 14 25 10 15  8 12 12 19 21 28 27 26 12 24 18 19 24 16...
A company has the following returns over the past 30 months: Month Ret.(%) Month Ret.(%) Month...
A company has the following returns over the past 30 months: Month Ret.(%) Month Ret.(%) Month Ret.(%) 1) 3 11   -3 21 -1 2) -16 12 -2 22 -24 3) 31 13 -8 23 -14 4) 33 14 2 24 -19 5) -23 15 35 25 -19 6) -17 16 11 26 33 7) 8 17 -20 27 -18    8) -19 18 15 28 23 9) -13 19 -12 29 6 10 -17 20 17 30 5 What is...
The Columbus Dispatch conducted a study. Two identical football, one filled with helium and one filled...
The Columbus Dispatch conducted a study. Two identical football, one filled with helium and one filled with ordinary air, were used. A casual observer was unable to detect a difference in the two footballs. A novice kicker was used to punt the footballs. A trial consisted of kicking both footballs in a random order. The kicker did not know which football he was kicking. The distance of each punt was recorded, then another trial was conducted. A total of 39...
Given the following frequency table of data, what is the potential outlier? Value Frequency 15 1...
Given the following frequency table of data, what is the potential outlier? Value Frequency 15 1 16 0 17 3 18 4 19 6 20 10 21 3 22 2 23 1 24 0 25 0 26 0 27 0 28 0 29 0 30 1 Select the correct answer below: 30 18 23 19 17
The following table contains recorded values on a level transmitter of a tank that’s holding water....
The following table contains recorded values on a level transmitter of a tank that’s holding water. The samples are taken every hour for 24 hours. Hours 1 2 3 4 5 6 7 8 9 10 11 12 Litres 100 101 104 106 99 50 103 91 110 91 93 92 Hours 13 14 15 16 17 18 19 20 21 22 23 24 Litres 95 96 91 92 101 104 106 125 106 101 104 100 Calculate the following...
The SAT and the ACT are the two major standardized tests that colleges use to evaluate...
The SAT and the ACT are the two major standardized tests that colleges use to evaluate candidates. Most students take just one of these tests. However, some students take both. The data data141.dat gives the scores of 60 students who did this. How can we relate the two tests? (a) Plot the data with SAT on the x axis and ACT on the y axis. Describe the overall pattern and any unusual observations. (b) Find the least-squares regression line and...
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT