Mathematics, 22.04.2020 01:55 KallMeh
The following data contains coaches' salaries and team revenues (in millions of dollars) for ten college basketball teams. Use these data to complete parts (a) through(c).
Salary 0.4 0.8 1.4 1.3 1.2 1.9 0.5 0.9 1.5 0.6
Revenue 4.9 7.5 17.2 18.2 11.5 13.6 8.0 6.0 18.0 8.2
a. Compute the covariance.
b. Compute the coefficient of correlation.
c. What conclusions can you reach about the relationship between a coach's salary and revenue?
A. There is a strong positive relationship between a coach's salary and revenue. As a coach's salary increases, revenue always increases.
B. There is a moderate positive relationship between a coach's salary and revenue. As a coach's salary increases, revenue tends to increase.
C. There is a slight relationship between a coach's salary and revenue. Increases in a coach's salary cause increases in revenue.
D. There is no relationship between a coach's salary and revenue.
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