Essay
The following data represent the daily demand (y in thousands of units)and the unit price (x in dollars)for a product.
a.Compute and interpret the sample covariance for the above data.
b.Compute and interpret the sample correlation coefficient.
Comprehend the importance of preparation and planning in crowdfunding success.
Appreciate the role of risk management in early-stage financing.
Learn the significance of choosing appropriate financing strategies, including bootstrapping and seeking external investors.
Value learning from both successful and unsuccessful crowdfunding experiences.
Definitions:
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