Respuesta :
Given the sales list S, and the temperature list T.
S:[34, 39, 40, 36, 46, 47, 54, 27, 31, 56]
T:[71.0, 73.8, 74.9, 71.4, 75.0, 76.9, 79.4, 68.6, 70.0, 81.4]
n=10 = number of observations in each list.
We need the correlation coefficient ρ to select the right choice of answers.
We first calculate the mean μ and standard deviation σ of each list
[tex]\mu_s=\sum_{i=1}^{10}S_i=41.0[/tex]
[tex]\sigma^2_s=\sum_{i=1}^{10}(S_i-\mu_s)^2/n=83[/tex]
[tex]\sigma_s=\sqrt{\sigma^2_s}=\sqrt{83}=9.1104[/tex]
[tex]\mu_t=\sum_{i=1}^{10}T_i=74.24[/tex]
[tex]\sigma^2_t=\sum_{i=1}^{10}(T_i-\mu_t)^2/n=15.4524[/tex]
[tex]\sigma_t=\sqrt{\sigma^2_t}=\sqrt{15.4524}=3.9310[/tex]
We are now ready to calculate the correlation coefficient ρ :
[tex]\rho=\frac{E[(S-\mu_s)(T-\mu_t)]}{\sigma_s*\sigma_t}[/tex]
[tex]=\frac{\sum_{i=1}^{n}[(S_i-\mu_s)(T_i-\mu_t)]/n}{\sigma_s*\sigma_t}[/tex]
[tex]=\frac{\sum_{i=1}^{n}[(S_i-\mu_s)(T_i-\mu_t)]/n}{9.1104*3.9310}[/tex]
[tex]=\frac{35.27}{35.8127}[/tex]=0.9848
Because the correlation coefficient, ρ , is close to one, the ice cream sales increase markedly with a rise in temperature.
Note:
a correlation close to 1 means both increase (or decrease)
a correlation close to -1 means one increases while the other decreases
correlation close to 0 means one does not quite affect the other.
S:[34, 39, 40, 36, 46, 47, 54, 27, 31, 56]
T:[71.0, 73.8, 74.9, 71.4, 75.0, 76.9, 79.4, 68.6, 70.0, 81.4]
n=10 = number of observations in each list.
We need the correlation coefficient ρ to select the right choice of answers.
We first calculate the mean μ and standard deviation σ of each list
[tex]\mu_s=\sum_{i=1}^{10}S_i=41.0[/tex]
[tex]\sigma^2_s=\sum_{i=1}^{10}(S_i-\mu_s)^2/n=83[/tex]
[tex]\sigma_s=\sqrt{\sigma^2_s}=\sqrt{83}=9.1104[/tex]
[tex]\mu_t=\sum_{i=1}^{10}T_i=74.24[/tex]
[tex]\sigma^2_t=\sum_{i=1}^{10}(T_i-\mu_t)^2/n=15.4524[/tex]
[tex]\sigma_t=\sqrt{\sigma^2_t}=\sqrt{15.4524}=3.9310[/tex]
We are now ready to calculate the correlation coefficient ρ :
[tex]\rho=\frac{E[(S-\mu_s)(T-\mu_t)]}{\sigma_s*\sigma_t}[/tex]
[tex]=\frac{\sum_{i=1}^{n}[(S_i-\mu_s)(T_i-\mu_t)]/n}{\sigma_s*\sigma_t}[/tex]
[tex]=\frac{\sum_{i=1}^{n}[(S_i-\mu_s)(T_i-\mu_t)]/n}{9.1104*3.9310}[/tex]
[tex]=\frac{35.27}{35.8127}[/tex]=0.9848
Because the correlation coefficient, ρ , is close to one, the ice cream sales increase markedly with a rise in temperature.
Note:
a correlation close to 1 means both increase (or decrease)
a correlation close to -1 means one increases while the other decreases
correlation close to 0 means one does not quite affect the other.