Longevity and Salary a Sample of Eight Observations of Variables

question 188

Essay

Longevity and Salary A sample of eight observations of variables x (years of experience)and y (salary in $1,000s)is shown below: ​ ​
-{Longevity and Salary Narrative}
a.Calculate and interpret the covariance between x and y.
b.Give a possible reason that the covariance is negative.

---

Definitions:

Adverse Effects

Negative outcomes or damages that result from an action or policy.

Alleged Benefits

Claimed advantages or positive outcomes that may not have been fully verified or proven.

Voluntary Export Restriction

An agreement by a country to limit the quantity of goods exported to another country to avoid tariffs or quotas.

Import Quota

A government-imposed limit on the quantity or value of a specific commodity that can be imported into a country.