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Other Fields Homework Help Economics Topic started by: kwmusick on Mar 1, 2023

Title: The following data represent the daily demand (y in thousands of units) and the unit price (x in ...
Post by: kwmusick on Mar 1, 2023

The following data represent the daily demand (y in thousands of units) and the unit price (x in dollars) for a product.

Daily Demand (y)	Unit Price (x)
47	1
39	3
35	5
44	3
34	6
20	8
15	16
30	6

a.	Compute and interpret the sample covariance for the above data.
b.	Compute and interpret the sample correlation coefficient.

Title: Re: The following data represent the daily demand (y in thousands of units) and the unit price (x in ...
Post by: billykra on Mar 1, 2023

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