Math Problem Statement
The following is a set of data from a sample of n=11 items. X 4,12,18,13,7,20,9,14,2,17,1 Y 12,36,54,39,21,60,27,42,6,51,3 Compute the sample covariance.The sample covariance rounded to three decimal places
Solution
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Math Problem Analysis
Mathematical Concepts
Statistics
Covariance
Data Analysis
Formulas
Cov(X, Y) = (1 / (n - 1)) * Σ (Xi - X̄)(Yi - Ȳ)
Mean of a dataset: X̄ = (Σ Xi) / n
Theorems
Covariance Theorem
Suitable Grade Level
Grades 10-12