Example 16.15 Calculate the coefficient of correlation between price and sales from the following data:Price (Rs)10090859290848890Sales (Units)500610700630670800800750Interpret the value of r.

Given data is Price (Rs) 100 90 85 92 90 84 88 90 Sales(units) 500 610 700 630 670 800 800 750

Answered: Example 16.15 Calculate the coefficient…

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

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Example 16.15 Calculate the coefficient of correlation between price and sales from the following data: Price (Rs) 100 90 85 92 90 84 88 90 Sales (Units) 500 610 700 630 670 800 800 750 Interpret the value of r.