THE NEXT QUESTIONS ARE BASED ON THE FOLLOWING:
The manager of a movie rental store was interested in examining the relationship between the weekly take-home pay for a family and the amount that family spends weekly on recreational activities.The following output was generated using Minitab:
Covariances
Let X = weekly take-home pay,and Y = amount spent weekly on recreational activities.
-Identify the covariance between X and Y.
Definitions:
Q45: Identify the variance of weekly take-home pay.
Q89: With probability 0.20,the number of successes is
Q102: Bayes' Theorem allows us to compute conditional
Q200: Find the probability that X is greater
Q202: The cumulative distribution function for a random
Q218: What is the probability that he will
Q228: Normal probability plots provide a way to
Q229: What is the probability that more than
Q229: If the random variable Y = a
Q323: Suppose we select a person who does