Compute the value of the correlation coefficient


A study was conducted to determine if there was a relationship between the prices a non-member of a book club paid for various publications and the prices that a member paid for the same publications. The data gathered is shown below. Compute the value of the correlation coefficient.

Non-member Member

Price Price
58 32
42 22
46 20
32 16
25 19
75 58
35 34
63 48

A) 0.762
B) 0.857
C) 0.679
D) 0.932

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Basic Statistics: Compute the value of the correlation coefficient
Reference No:- TGS0112303

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