Answered: The table below summarizes the years of…

The table below summarizes the years of experience and monthly sales of 8 marketing officers. Years of experience, X 3 4 9 110 11 10 118 100 136 12 Monthly sales (RM'000), Y 97 98 81 102

Algebra: Structure And Method, Book 1

(REV)00th Edition

ISBN:9780395977224

Author:Richard G. Brown, Mary P. Dolciani, Robert H. Sorgenfrey, William L. Cole

Publisher:Richard G. Brown, Mary P. Dolciani, Robert H. Sorgenfrey, William L. Cole

Chapter2: Working With Real Numbers

Section2.3: Rules For Addition

Problem 8P

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Question

Question

Calculate the product moment correlation coefficient. Interpret your results.

The table below summarizes the years of experience and monthly sales of 8 marketing
officers.
Years of experience, X
Monthly sales (RM*000), Y
3
4
9.
12
11
10
97
98
81
110
102
136
118
100

Definition Definition Statistical measure used to assess the strength and direction of relationships between two variables. Correlation coefficients range between -1 and 1. A coefficient value of 0 indicates that there is no relationship between the variables, whereas a -1 or 1 indicates that there is a perfect negative or positive correlation.

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