Question

Compute the correlation coefficient for each set of bivariate data to see which one is the...

Compute the correlation coefficient for each set of bivariate data to see which one is the most linear. In other words, for which of these three pairs of variables is |r| closest to 1?

Work on this gathered data as if it is bivariate.

Variable 1 Variable 2 Variable 3
19.8208 76.652 1.653
9.5292 80.5804878 1.44
43.7244 73.51219512 1.57
5.6706 79.43 1.424
5.0092 79.1 1.87
18.7038 75.42926829 1.72
8.1462 79.87073171 1.87
51.2912 72.649 1.918
20.0066 74.20731707 1.25
11.336 81.89756098 2.2
30.4734 68.29536585 2.6
16.1048 73.26829268 1.5
17.8444 81.39756098 1.36
7.1886 80.99756098 1.95
14.9762 76.24634146 1.41
37.4372 73.45853659 1.59
22.0306 75.11219512 1.43
10.286 81.62682927 1.37
34.1514 74.154 2.155
28.9362 70.26536585 1.443

Variable 1 & Variable 2 - _______ (coefficient)

Variable 2 & Variable 3 - _______ (coefficient)

Variable 1 & Variable 3 - _______ (coefficient)

Homework Answers

Answer #1

Using excel to calculate the correlation coefficients, we get:

Variable 1 Variable 2 Variable 3
19.8208 76.652 1.653
9.5292 80.5804878 1.44
43.7244 73.51219512 1.57
5.6706 79.43 1.424
5.0092 79.1 1.87
18.7038 75.42926829 1.72
8.1462 79.87073171 1.87
51.2912 72.649 1.918
20.0066 74.20731707 1.25
11.336 81.89756098 2.2
30.4734 68.29536585 2.6
16.1048 73.26829268 1.5
17.8444 81.39756098 1.36
7.1886 80.99756098 1.95
14.9762 76.24634146 1.41
37.4372 73.45853659 1.59
22.0306 75.11219512 1.43
10.286 81.62682927 1.37
34.1514 74.154 2.155
28.9362 70.26536585 1.443
Corr 1 AND 2 -0.730903
Corr 2 AND 3 -0.199138
Corr 1 AND 3 0.1811026

Please let me know in comments in case anything is unclear. Will reply ASAP. Do upvote if satisfied!

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
El toro grande restaurant advertises that customers will have their orders taken with three minutes of...
El toro grande restaurant advertises that customers will have their orders taken with three minutes of being seated. Management wants to monitor average times, as it is such an important guarantee for business. Construct x? - and s-charts for the data given in the worksheet pro07-05 in the ch07data.xlsx file for this chapter. a. compute the sample means and the average standard deviation, calculate the control limits, and plot them on control charts. b. does the process appear to be...
Do various financial indicators differ significantly according to type of company? Using the “Excel Databases.xls” file...
Do various financial indicators differ significantly according to type of company? Using the “Excel Databases.xls” file on Blackboard, locate the tab for the Financial Database. Let Type of Company be the independent variable with seven levels (Apparel, Chemical, Electric Power, Grocery, Healthcare Products, Insurance, and Petroleum for Types 1 – 7, respectively. Perform a one-way ANOVA using Excel with Earnings Per Share as the dependent variable to test if there is a significant difference in earnings per share between the...
1. Here is a bivariate data set. x y 49.7 34.8 43.9 30.9 48 30 46.3...
1. Here is a bivariate data set. x y 49.7 34.8 43.9 30.9 48 30 46.3 32 46.9 30.3 46.2 34.6 Find the correlation coefficient and report it accurate to three decimal places. r = What proportion of the variation in y can be explained by the variation in the values of x? Report answer as a percentage accurate to one decimal place. r² = % 2. You run a regression analysis on a bivariate set of data (n=71). With...
(c) Compute the sample correlation coefficient r for each of the following data sets and show...
(c) Compute the sample correlation coefficient r for each of the following data sets and show that r is the same for both. (Use 3 decimal places.) (i) x 5 2 9 y 1 2 5 (ii) x 1 2 5 y 5 2 9 r (i) (ii)
(c) Compute the sample correlation coefficient r for each of the following data sets and show...
(c) Compute the sample correlation coefficient r for each of the following data sets and show that r is the same for both. (Use 3 decimal places.) (i) x 6 5 9 y 2 1 5 (ii) x 2 1 5 y 6 5 9 r (i) (ii)
The table below shows a set of bivariate data: X and Y. Calculate the covariance and...
The table below shows a set of bivariate data: X and Y. Calculate the covariance and correlation coefficients by completing the below table, assuming sample data. Show all workings. (Note: You can calculate the mean and standard deviation of X & Y with Excel or your calculator; no working for their calculation is required.) X Y (X - X bar) (Y - Y bar) (X - X bar)(Y - Y bar) 5 5 -0.2 -0.6 0.12 2 3 -3.2 -2.6...
Each of three supermarket chains in the Denver area claims to have the lowest overall prices....
Each of three supermarket chains in the Denver area claims to have the lowest overall prices. As part of an investigative study on supermarket advertising, a local television station conducted a study by randomly selecting nine grocery items. Then, on the same day, an intern was sent to each of the three stores to purchase the nine items. From the receipts, the following data were recorded. At the 0.025 significance level, is there a difference in the mean price for...
Question 1: The following bivariate data set contains an outlier. x y 51.7 82.9 51.3 75...
Question 1: The following bivariate data set contains an outlier. x y 51.7 82.9 51.3 75 52.5 71.4 52.5 74.2 43.6 66.6 37.1 81.8 52.8 63.4 58.4 59.8 61.7 49 35.9 79.9 62.7 76.6 43.4 69.3 35.5 86.9 50.6 57.3 144.3 200.6 What is the correlation coefficient with the outlier? rw =   What is the correlation coefficient without the outlier? rwo =   Would inclusion of the outlier change the evidence for or against a significant linear correlation at 5% significance?...
Bivariate Data & Probability After completing the calculation by hand in Q1 you can use Excel...
Bivariate Data & Probability After completing the calculation by hand in Q1 you can use Excel to check your answers before submitting. Q2 assesses your general understanding of probability and linear associations using Excel to analyse a large dataset. Question 1       Covariance and Correlation The table below shows a set of sample bivariate data. Calculate the covariance and correlation coefficient by completing the below table. Show all working. X Y (X - ) (Y - ) (X - )(Y -...