01:13
Business Statistics - For Contemporary Decision Making
Determine the value of the coefficient of correlation, $r$, for the following data.
$$
\begin{array}{|r|r|r|r|r|r|r|r|}
\hline X & 4 & 6 & 7 & 11 & 14 & 17 & 21 \\
\hline Y & 18 & 12 & 13 & 8 & 7 & 7 & 4 \\
\hline
\end{array}
$$