Calculate the sample correlation coefficient


Task:

(a) Make an Excel scatter plot. What does it suggest about the population correlation between X and Y?

(b) Make an Excel worksheet to calculate SSxx , SSyy, and SSxy.

Use these sums to calculate the sample correlation coefficient.

(Use table below to solve regression)

Part-Time Weekly Earnings ($) by College Students

Hours Worked (X) Weekly Pay (Y)
10      93
15     171
20     204
20     156
35     261

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Accounting Basics: Calculate the sample correlation coefficient
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