Example 16.15 Calculate the coefficient of correlation between price and sales from the following data: Price (Rs) 100 90 85 92 90 84 88 90 Sales (Units) 500 610 700 630 670 800 800 750 Interpret the value of r.

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Example 16.15 Calculate the coefficient of correlation between price and sales from the following data:
Price (Rs)
100
90
85
92
90
84
88
90
Sales (Units)
500
610
700
630
670
800
800
750
Interpret the value of r.
Transcribed Image Text:Example 16.15 Calculate the coefficient of correlation between price and sales from the following data: Price (Rs) 100 90 85 92 90 84 88 90 Sales (Units) 500 610 700 630 670 800 800 750 Interpret the value of r.
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