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Author Question: The following data represent the daily supply (y in thousands of units) and the unit price (x in ... (Read 51 times)

Triley39

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on: Mar 25, 2023

The following data represent the daily supply (y in thousands of units) and the unit price (x in dollars) for a product.

 

Daily Supply (y)

Unit Price (x)

  5

  2

  7

  4

  9

  8

12

  5

10

  7

13

  8

16

16

16

  6


 

a.Compute and interpret the sample covariance for the above data.
b.Compute the standard deviation for the daily supply.
c.Compute the standard deviation for the unit price.
d.Compute and interpret the sample correlation coefficient.

Essentials of Statistics for Business and Economics ¦ Anderson, Sweeney, Williams, Camm, Cochran ¦ 7th Edition
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Marked as best answer by Triley39 on Mar 25, 2023

ladan86

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Reply #1 on: Mar 25, 2023
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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Triley39

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Reply 2 on: Mar 25, 2023
YES! Correct, THANKS for helping me on my review

ktidd

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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