Calculate the correlation coefficient r. Make a conclusion about the type of correlation.

MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
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Calculate the correlation coefficient r.

Make a conclusion about the type of correlation.

 
The budget (in millions of dollars) and worldwide gross (in millions of dollars) for eight movies are shown below. Complete parts (a) through (c).
Budget, x
Gross, y
206
205
201
201
181
177
173
170
388
281
256
787
754
1830
370
510
Transcribed Image Text:The budget (in millions of dollars) and worldwide gross (in millions of dollars) for eight movies are shown below. Complete parts (a) through (c). Budget, x Gross, y 206 205 201 201 181 177 173 170 388 281 256 787 754 1830 370 510
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Correlation coefficient measures the strength and direction of the linear relationship between two variables.

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