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 variance of amount spent weekly on recreational activities.
Definitions:
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