The Following Data Represent the Daily Supply Y in Thousands

question 88

Essay

The following data represent the daily supply y in thousands of units) and the unit price x in dollars) for a product.
$\begin{array}{cc}\text { Daily Supply y) }&\text { Unit Price } x)\\5 & 2 \\7 & 4 \\9 & 8 \\12 & 5 \\10 & 7 \\13 & 8 \\16 & 16 \\16 & 6\end{array}$
a. Compute and interpret the sample covariance for the above data.
b. Compute the standard deviation for the daily supply.
c. Compute the standard deviation for the unit price.
d. Compute and interpret the sample correlation coefficient.

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Definitions:

Muscarinic Receptors

A type of receptor responsive to acetylcholine, involved in various functions of the autonomic nervous system, including glandular secretions and muscle contractions.

ANS

The Autonomic Nervous System (ANS) controls involuntary actions in the body, such as heart rate, digestion, and respiratory rate.

Dual Innervation

The state of being supplied by both sympathetic and parasympathetic nerves, allowing for regulation of organ function.

Stimulatory Effects

The outcomes or influences that enhance or increase the activity of biological, chemical, or physical processes.