Given the following sample data: 
a.Calculate the covariance and the correlation coefficient.
b.Comment on the relationship between x and y.
c.Determine the least squares line.
d.Draw the scatter diagram and plot the least squares line.
Definitions:
Compromise
An agreement or settlement reached by each party making concessions.
Economic
Pertaining to the production, distribution, and use of income, wealth, and commodities.
Unalienable Rights
Unalienable rights are fundamental freedoms that are considered inherent to all human beings, which cannot be surrendered or transferred; they include life, liberty, and the pursuit of happiness.
Laissez-faire Capitalism
An economic system in which transactions between private parties are free from government intervention, including regulations, privileges, tariffs, and subsidies.
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