Use the Spreadsheet Below to Answer the Following Questions) -Use Excel to Calculate the Covariance Between Variables X and Is

question 65

Multiple Choice

Use the spreadsheet below to answer the following questions) .
Below is the table showing rate of shoes sold per day and the highest-priced shoe sold that day for a one-week period. The rate of shoes sold per day X) and the price of the shoes Y) . $\begin{array} { | r | r | } \hline \text { Shoes sold in \% X) } & \text { Price Y) } \\\hline 15 & \$ 48 \\\hline 27 & \$ 55 \\\hline 10 & \$ 40 \\\hline 13 & \$ 88 \\\hline 25 & \$ 53 \\\hline 9 & \$ 47 \\\hline 18 & \$ 40 \\\hline\end{array}$
-Use Excel to calculate the covariance between variables X and Y.

• A) 2.67
• B) 0.02
• C) 16.71
• D) 7.04

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Definitions:

Maintenance Records

Documentation of all the repairs, upkeep, and inspections carried out on equipment or property to ensure it remains in good working condition.

Common-value Auction

A bidding process where the item's true value is identical across all participants, though individual bidder estimates of this value may vary.

Exact Value

The precise numerical amount or measurement of an item, without approximation or rounding.

Bidders

individuals or entities that offer a price for goods, services, or assets in auctions or competitive bidding scenarios.