Reed Auto Periodically Has a Special Weeklong Sale Compute and Interpret Both the Sample Covariance and the Sample

question 50

Essay

Reed Auto periodically has a special weeklong sale. As part of the advertising campaign, Reed runs one or more television commercials during the weekend preceding the sale. Data from a sample of five previous sales are shown below.
​ $\begin{array}{lll}\text { Week } & \text { TV Ads } & \text { Cars Sold }\\\hline1 & 1 & 14 \\2 & 3 & 24 \\3 & 2 & 18 \\4 & 1 & 17 \\5 & 3 & 27\end{array}$ Compute and interpret both the sample covariance and the sample correlation coefficient.
​

---

Definitions:

Social Situations

Contexts or environments in which individuals interact with others and navigate social norms.

Crystallized Intelligence

The accumulation of knowledge, skills, and experiences that one can apply to solve problems; it tends to grow over a person's lifespan.

Vocabulary

The set of words known and used by a person in a particular language.

Crystallized Intelligence

The ability to use learned knowledge and experience.