3. The following sample contains values of the price and quantity sold of a particularcommodity. Use quantity sold as the dependent variable Y.Price (X)Quantity sold(Y)6.00 3.00 7.001.00 2.00 8.0053 67 48 7670 28Σx=27, Σ y=342, Σ x²=163, Σ xy=1295, Σ y² = 21062, n = 6.c. Find the sample correlation coefficient r and interpret.O- 0.957 and relationship between x and y is weak.0.957 and relationship between x and y is weak.- 0.957 and relationship between x and y is strong.0.957 and relationship between x and y is strong.

Given: ∑x=27∑y=342∑x2=163∑xy=1295∑y2=21062n=6

Answered: 3. The following sample contains values…

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

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3. The following sample contains values of the price and quantity sold of a particular commodity. Use quantity sold as the dependent variable Y. Price (X) Quantity sold (Y) 6.00 3.00 7.00 1.00 53 67 48 76 2.00 8.00 70 28 Σ x=27, Σy=342, Σ m2 =163, Σ wy=1295, Σ υ = 21062, n = 6.