There are two series of index numbers, P for price index and S for stock of a commodity. The mean and standard deviation of P are 100 and 8 and of S are 103 and 4 respectively. The correlation coefficient between the two scries is 0.4. With these data, work out a linear equation to read off values of P for various values of S. Can the same equation be used to read off values of S for various values of P?

if the slope is negative then is the correlation coefficient also negative?

For each pair of quantities, decide if the correlation coefficient would be close to 1, close to -1, or not be close to 1 or -1. Part: 0/4 Part 1 of 4 (a) The number of hours a student spends studying and the score on that student's exam. The correlation coefficient would be close to 1 Part: 1/4 Part 2 of 4 Part: 2/4 X (b) The number of hours a student spends studying and the number of letters in that student's name. The correlation coefficient would be close to -1 Part 3 of 4 X Ś X Ś (c) The number of hours an overweight person spends exercising and that person's weight. The correlation coefficient would be close to 1 5

A random sample of college students was surveyed about how they spend their time each week.  The scatterplot below displays the relationship between the number of hours each student typically works per week at a part- or full-time job and the number of hours of television each student typically watches per week.  The correlation between these variables is r = –0.63, and the equation we would use to predict hours spent watching TV based on hours spent working is as follows:             Predicted hours spent watching TV = 17.21 – 0.23(hours spent working) Since we are using hours spent working to help us predict hours spent watching TV, we’d call hours spent working a(n) __________________ variable and hours spent watching TV a(n) __________________ variable. The correlation coefficient, along with what we see in the scatterplot, tells us that the relationship between the variables has a direction that is _________________ and a strength that is ______________________. According to the…