ation Coefficient a. b. The following data sets are annual growth rates for two products X C d 2018 2019 2020 2021 2022 8% 12% 2% 14% 16% Calculate the correlation coefficient between X and Y 0.21 0.63 (0.25) (0.93) Using the correlation coefficient, the relationship between product X and Y Y 7% 6% 8% 18% 15% Use Correlation Coefficint Formula in Excel Math necessary to measure effectiveness of options

MATLAB: An Introduction with Applications
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Author:Amos Gilat
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ation Coefficient
a.
b.
The following data sets are annual growth rates for two products
X
Calculate the correlation coefficient between X and Y
0.21
0.63
(0.25)
(0.93)
C
d
2018
2019
2020
2021
2022
8%
12%
2%
14%
16%
7%
6%
8%
18%
15%
Use Correlation Coefficint Formula in Excel
Math necessary to measure effectiveness of options
b. is slightly negatively correlated
C
appears to be highly negatively correlated
d is perfectly positively correlated
Using the correlation coefficient, the relationship between product X and Y
a. is mildly to highly correlated
Transcribed Image Text:ation Coefficient a. b. The following data sets are annual growth rates for two products X Calculate the correlation coefficient between X and Y 0.21 0.63 (0.25) (0.93) C d 2018 2019 2020 2021 2022 8% 12% 2% 14% 16% 7% 6% 8% 18% 15% Use Correlation Coefficint Formula in Excel Math necessary to measure effectiveness of options b. is slightly negatively correlated C appears to be highly negatively correlated d is perfectly positively correlated Using the correlation coefficient, the relationship between product X and Y a. is mildly to highly correlated
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