A Sample of Eight Observations of Variables X and Y

question 84

Essay

A sample of eight observations of variables x and y is shown below: $$\begin{array} { | l | r | r | r | r | r | r | r | r | } \hline x & 5 & 3 & 7 & 9 & 2 & 4 & 6 & 8 \\\hline y & 20 & 23 & 15 & 11 & 27 & 21 & 17 & 14 \\\hline\end{array}$$ Calculate the covariance and the coefficient of correlation, and comment on the relationship between X and Y.

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Definitions:

Limited Value

Something that has restricted worth or importance, often due to specific conditions or contexts.

Insight Step

The process of gaining a deep understanding of a complex situation or problem, often the first phase in problem-solving or decision-making.

Creative Thinking

The ability to think in novel ways, generate new ideas, and devise unconventional solutions to problems.

Problem-Conquering

The process or approach taken to address, resolve, and overcome challenges or barriers effectively.