What is the correlation coefficient of the linear least-squares regression?

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter4: Equations Of Linear Functions
Section4.6: Regression And Median-fit Lines
Problem 4GP
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6.

Suppose we know the following information about a set of bivariate data:
Var (x) = 7.35
Cov (x, y) =-0.58
Var (y) =9.8
What is the correlation coefficient of the linear least-squares regression? Round your answer to the
nearest hundredth.
Transcribed Image Text:Suppose we know the following information about a set of bivariate data: Var (x) = 7.35 Cov (x, y) =-0.58 Var (y) =9.8 What is the correlation coefficient of the linear least-squares regression? Round your answer to the nearest hundredth.
Expert Solution
Step 1

It is given that

Cov(X, Y) = -0.58

Var(X) = 7.35

and Var(Y) = 9.8

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