33 A company conducts a study to understand the correlation between price increases and profit. The following figure shows the results. y ($ 1000s) 80 70 60- 50- A TEST NAME: FZ01 60 Profit ($ 1000s) 50- 40- 30 20- 10- 0 Question navigation 30 31 26 BA 32 27 ● 33 28 34 35 36 > O NEXT X Question navigation 30 O 31 O MENTS Talking: 32 33

MATLAB: An Introduction with Applications
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ISBN:9781119256830
Author:Amos Gilat
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Please asnwer it and prove claer explanations. thanks 

33
A company conducts a study to understand the correlation between price increases and profit. The following figure shows the results.
y
($ 1000s)
80
70
60-
50-
A
TEST NAME: FZ01
60
Profit ($ 1000s)
50-
40-
30
20-
10-
0
Question navigation
30 31
26
BA
32
27
●
33
28
34
35 36 >
O
NEXT
X
Question navigation
30
O
31
O
MENTS
Talking:
32 33
<PREVIOUS
34 35 36
NE
Transcribed Image Text:33 A company conducts a study to understand the correlation between price increases and profit. The following figure shows the results. y ($ 1000s) 80 70 60- 50- A TEST NAME: FZ01 60 Profit ($ 1000s) 50- 40- 30 20- 10- 0 Question navigation 30 31 26 BA 32 27 ● 33 28 34 35 36 > O NEXT X Question navigation 30 O 31 O MENTS Talking: 32 33 <PREVIOUS 34 35 36 NE
TEST NAME: FZ01
201
10-
TEST NAME: FZ01
0-0.8
0-0.4
0
00.4
What is the value of the correlation coefficient between the two variables?
0 0.8
5
10
15 20
Cost ($)
25
·X
Question navigation
Question navigation
TIME LEF
Transcribed Image Text:TEST NAME: FZ01 201 10- TEST NAME: FZ01 0-0.8 0-0.4 0 00.4 What is the value of the correlation coefficient between the two variables? 0 0.8 5 10 15 20 Cost ($) 25 ·X Question navigation Question navigation TIME LEF
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