The following observations are given for two variables. 
a.Compute and interpret the sample covariance for the above data.
b.Compute and interpret the sample correlation coefficient.
Definitions:
Journalize
The process of documenting business activities in a journal within the scope of accounting practices.
Adjusting Entry
A journal entry made in accounting records at the end of an accounting period to allocate income and expenditure to the appropriate years.
Transactions
Events that are recognized in the financial records, affecting the financial position and performance of a company.
Accrual Basis
An accounting method where transactions are recorded when they are earned or incurred, regardless of when cash is exchanged.
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