Example 16.15 Calculate the coefficient of correlation between price and sales from the following data:Price (Rs)10090859290848890Sales (Units)500610700630670800800750Interpret the value of r.

Given data is Price (Rs) 100 90 85 92 90 84 88 90 Sales(units) 500 610 700 630 670 800 800 750

Answered: Example 16.15 Calculate the coefficient…

Big Ideas Math A Bridge To Success Algebra 1: Student Edition 2015

1st Edition

ISBN:9781680331141

Author:HOUGHTON MIFFLIN HARCOURT

Publisher:HOUGHTON MIFFLIN HARCOURT

Chapter4: Writing Linear Equations

Section4.4: Scatter Plots And Lines Of Fit

Problem 1E

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Example 16.15 Calculate the coefficient of correlation between price and sales from the following data: Price (Rs) 100 90 85 92 90 84 88 90 Sales (Units) 500 610 700 630 670 800 800 750 Interpret the value of r.