The Data Below Are the Gestation Periods, in Months, of Randomly

question 81

Short Answer

The data below are the gestation periods, in months, of randomly selected animals and their corresponding life
spans, in years. Calculate the correlation coefficient r. $$\begin{array} { l | l l l l l l l l } \text { Gestation, } \mathrm { x } & 8 & 2.1 & 1.3 & 1 & 11.5 & 5.3 & 3.8 & 24.3 \\\hline \text { Life span, } \mathrm { y } & 30 & 12 & 6 & 3 & 25 & 12 & 10 & 40\end{array}$$

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Definitions:

Preference Shares

A type of share that typically grants its holders priority over ordinary shareholders in receiving dividends and upon liquidation of the company's assets.

Financial Liability

Obligations a company owes to another entity, which could be in the form of loans, bonds payable, or other types of debt.

Compound Financial Instrument

A financial instrument that has both a debt and equity component and may be convertible into shares of the issuing company.