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

Calculus For The Life Sciences
2nd Edition
ISBN:9780321964038
Author:GREENWELL, Raymond N., RITCHEY, Nathan P., Lial, Margaret L.
Publisher:GREENWELL, Raymond N., RITCHEY, Nathan P., Lial, Margaret L.
Chapter1: Functions
Section1.2: The Least Square Line
Problem 3E: For the following table of data. x 1 2 3 4 5 6 7 8 9 10 y 0 0.5 1 2 2.5 3 3 4 4.5 5 a. draw a...
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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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