Answer:
a) Figure attached
b) If we see the scatter plot we can conclude that the possible relation between x and y is linear and with a positive correlation since when the values of x increases the values for y increases as well.
c)
We can find the numerator like this:
And then:
d)
Step-by-step explanation:
Part a
For this part we use excel in order to create the scatterplot and we got the result on the figure attached.
Part b
If we see the scatter plot we can conclude that the possible relation between x and y is linear and with a positive correlation since when the values of x increases the values for y increases as well.
Part c
The sample covariance is defined as:
We can find the numerator like this:
And then:
Part d
The correlation coefficient is a "statistical measure that calculates the strength of the relationship between the relative movements of two variables". It's denoted by r and its always between -1 and 1.
And in order to calculate the correlation coefficient we can use this formula:
For our case we have this:
n=5
So then the correlation coefficient would be r =0.693
C. It is the mean. Add all of the ages up and divide by how many there are.
Answer: -$6,500
Step-by-step explanation:
Here we could , use the arithmetic progression where
T(2020 - 2010) = a + ( n - 1 )d
T10 = a + ( 10 - 1 )d --------------- 1
a = $25,000, n = 10 and d = 14% of $25,000 = $3,500 the common difference.
Note since it decreases the common difference d = -$3,500.
Now substitute for the values in the equation above.
T10 = 25,000 + 9 x -3,500
= $25,000 - $31,500
= -$6,500 (deficit )