a) Calculate SS_{xx},\ SS_{yy}, and SS_{xy} (Lea

Ikunupe6v

Ikunupe6v

Answered question

2021-12-11

a) Calculate SS×, SSyy, and SSxy (Leave no cells blank - be certain to enter ''0'' wherever required. Round your answers to 2 decimal places.)
CollegeStudentWeeklyEarningsDollars(n=5)Hourse Worked (X)Weekly Pay (Y)(xix¯)2(yiy¯)2(x1x¯)(yiy¯)1110316187162161615732262x¯y¯SSxxSSyySSxy
b) )Calculate the sample correlation coefficient. Check your work by using Excel's function =CORREL(array1,array2). (Round your answer to 4 decimal places.)

Answer & Explanation

Paineow

Paineow

Beginner2021-12-12Added 30 answers

Step 1
Given data of College student weekly earnings
Hours Worked (X)Weekly Pay (Y)1110316187162161615732262
The average hours worked and average weekly pay are calculated as shown below
X=Xn
X=11+16+16+16+325=18.2
Y=Yn
Y=103+187+216+157+2625
Using the average values the missing values in table are calculated as shown below
CollegeStudentWeeklyEarningsDollars(n=5)Hourse Worked (X)Weekly Pay (Y)(xix¯)2(yiy¯)2(x1x¯)(yiy¯)11103(1118.2)2=51.84(103185)2=6724(1118.2)(103185)=590.416187(1618.2)2=4.84(187185)2=4(1618.2)(187185)=4.416216(1618.2)2=4.84(216185)2=961(1618.2)(216185)=68.216157(1618.2)2=4.84(157185)2=784(1618.2)(157185)=61.632262(3218.2)2(262185)2=5929(3218.2)(262185)=1062.6x¯=18.2y¯=185Sxx=256.8Syy=14402Sxy=1642x¯y¯SSxxSSyySSxy
Step 2
b) The correlation coefficient is calculated using the below mentioned formula
r=SxyS×Syy
r=1642256.8×14402=0.853816
using the excel function CORREL(X data,Y data) we get the sample correlation coefficient as 0.853815903
Rounding to 4 decimal places we get same value of r in both methods. r=0.8538
Raymond Foley

Raymond Foley

Beginner2021-12-13Added 39 answers

Could you describe the solution to this problem in more detail? The answers were not found anywhere else. Thanks.

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