A sneaker manufacturer has plotted sales of its most popular brand of sneakers over the past four months.   MONTH X SALES Y X2 Y2 X Y   1 100 1 10000 100   2 120 4 14400 240   3 118 9 13924 354   4 125 16 15625 500 TOTAL 10 463 30 53949 1194   Calculate the Correlation Coefficient.[Interpret the result] Pearson’s Correlation Coefficient Formula r=n(Σxy)−(Σx)(Σy)                                                                                                                                                               √[nΣx2−(Σx)2][nΣy2−(Σy)2]

MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
icon
Related questions
Question

A sneaker manufacturer has plotted sales of its most popular brand of sneakers over the past four months.

 

MONTH X

SALES Y

X2

Y2

X Y

 

1

100

1

10000

100

 

2

120

4

14400

240

 

3

118

9

13924

354

 

4

125

16

15625

500

TOTAL

10

463

30

53949

1194

 

Calculate the Correlation Coefficient.[Interpret the result]

Pearson’s Correlation Coefficient Formula

r=n(Σxy)−(Σx)(Σy)                                                                                                                                                               √[nΣx2−(Σx)2][nΣy2−(Σy)2]

Expert Solution
steps

Step by step

Solved in 1 steps

Blurred answer
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
Statistics
ISBN:
9781119256830
Author:
Amos Gilat
Publisher:
John Wiley & Sons Inc
Probability and Statistics for Engineering and th…
Probability and Statistics for Engineering and th…
Statistics
ISBN:
9781305251809
Author:
Jay L. Devore
Publisher:
Cengage Learning
Statistics for The Behavioral Sciences (MindTap C…
Statistics for The Behavioral Sciences (MindTap C…
Statistics
ISBN:
9781305504912
Author:
Frederick J Gravetter, Larry B. Wallnau
Publisher:
Cengage Learning
Elementary Statistics: Picturing the World (7th E…
Elementary Statistics: Picturing the World (7th E…
Statistics
ISBN:
9780134683416
Author:
Ron Larson, Betsy Farber
Publisher:
PEARSON
The Basic Practice of Statistics
The Basic Practice of Statistics
Statistics
ISBN:
9781319042578
Author:
David S. Moore, William I. Notz, Michael A. Fligner
Publisher:
W. H. Freeman
Introduction to the Practice of Statistics
Introduction to the Practice of Statistics
Statistics
ISBN:
9781319013387
Author:
David S. Moore, George P. McCabe, Bruce A. Craig
Publisher:
W. H. Freeman