Question
Suppose we have the following paired observations of variables X and Y: X Y 18 50...
Suppose we have the following paired observations of variables X and Y:
X Y
18 50
14 40
20 20
22 20
19 10
27 0
20 0
Calculate the values of the sample covariance and sample correlation between X and Y. Using this information, how would you characterize the relationship between X and Y?
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Answer #1
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