Use this set up to calculate the numbers for the formula. The Excel formulas are already set up to sum the three columns

A First Course in Probability (10th Edition)
10th Edition
ISBN:9780134753119
Author:Sheldon Ross
Publisher:Sheldon Ross
Chapter1: Combinatorial Analysis
Section: Chapter Questions
Problem 1.1P: a. How many different 7-place license plates are possible if the first 2 places are for letters and...
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Use this set up to calculate the numbers for the formula. The
Excel formulas are already set up to sum the three columns
Price
Demand
y
ху
1
70
36
2
80
23
90
12
4
100
16
110
14
120
10
7
130
5
8
140
Total
840
118
sums
n(Exy) – (Ex)(Ey)
r =
V[n(Ex²) – (Ex)²] [n(Ey²) – (Ey)²]
Transcribed Image Text:Use this set up to calculate the numbers for the formula. The Excel formulas are already set up to sum the three columns Price Demand y ху 1 70 36 2 80 23 90 12 4 100 16 110 14 120 10 7 130 5 8 140 Total 840 118 sums n(Exy) – (Ex)(Ey) r = V[n(Ex²) – (Ex)²] [n(Ey²) – (Ey)²]
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