Based on the data shown below, calculate the correlation coefficient (rounded to three decimal places) x Y 3 4.3 4 7.4 5 4.7 6 5 7 7.5 8 6.4 9 5.1 10 3.8 11 3.9 12 4.1 13 5.3 14 5.4 15 5 16 5.2
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Step 1
Step 1: To calculate the correlation coefficient (r), we need to use the formula: $$r = \frac{n(\sum xy) - (\sum x)(\sum y)}{\sqrt{[n\sum x^2 - (\sum x)^2][n\sum y^2 - (\sum y)^2]}}$$ where n is the number of data points. Show more…
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