Following results were obtained from an analysis of 12 pairs of observations: N= 12, ΣX - 30, ΣΥ= 5, ΣΧ 670, ΣΥ= 285 , ΣΧΥ = 334 Later on it was discovered that one pair of values (X=11, Y= 4) were copied wrongly. the correct value of the pair was (X=10, Y= 14). Find the correct value of correlation coefficient. %3D |3D %3D
Following results were obtained from an analysis of 12 pairs of observations: N= 12, ΣX - 30, ΣΥ= 5, ΣΧ 670, ΣΥ= 285 , ΣΧΥ = 334 Later on it was discovered that one pair of values (X=11, Y= 4) were copied wrongly. the correct value of the pair was (X=10, Y= 14). Find the correct value of correlation coefficient. %3D |3D %3D
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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![D. Following results were obtained from an analysis of 12 pairs of observations:
N= 12, ΣX -30, ΣΥ= 5, ΣΧ= 670, ΣΥ-= 285 , ΣΧΎ = 334
Later on it was discovered that one pair of values (X= 11, Y = 4) were copied wrongly.
the correct value of the pair was (X= 10, Y = 14). Find the correct value of correlation
coefficient.
%3D
%3D
%3D](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fe117ab5b-21af-4d9f-9bad-dd9689f52c80%2Fcb9de378-01f8-4dc1-8b23-58cafcaf2f1c%2F4nsjp3_processed.jpeg&w=3840&q=75)
Transcribed Image Text:D. Following results were obtained from an analysis of 12 pairs of observations:
N= 12, ΣX -30, ΣΥ= 5, ΣΧ= 670, ΣΥ-= 285 , ΣΧΎ = 334
Later on it was discovered that one pair of values (X= 11, Y = 4) were copied wrongly.
the correct value of the pair was (X= 10, Y = 14). Find the correct value of correlation
coefficient.
%3D
%3D
%3D
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