Applied Statistics: Section 1 (M 2:30pm-4:20pm) MUNTATHIR ALNATAH I 1/25/18 6:23

Question

Applied Statistics: Section 1 (M 2:30pm-4:20pm) MUNTATHIR ALNATAH I 1/25/18 6:23 PM Homework: HW 1: Chapter 1-8 Review Score: 0.33 of 1 pt %2.5.48-T Save 6 of 1 3 (13 complete) HW Score: 94.87%, 12.33 of 13 pts Question Help The following data contains coaches'salaries and team revenues (in millions of dollars) for ten college basketball teams. Use these data to complete parts (a) through (c) Salary 1.4 0.2 0.6 1.6 0.5 0.3 0.9 1.2 1.3 1.8 Revenue 2.5 1.8 3.1 9.1 4.0 2.9 6.7 9.6 11.6 14.4 a. Compute the covariance. (Round to three decimal places as needed.) Enter your answer in the answer box and then click Check Answer. Clear All Check Answer remaining

Explanation / Answer

The statistical software output for this problem is:

Covariance between Salary and Revenue:
2.3904444

Hence,

Covariance = 2.390

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