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Tamil Nadu Board of Secondary EducationHSC Commerce Class 11

Calculate the coefficient of correlation from the following data: ∑X = 50, ∑Y = – 30, ∑X2 = 290, ∑Y2 = 300, ∑XY = – 115, N = 10 - Business Mathematics and Statistics

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Question

Calculate the coefficient of correlation from the following data:

∑X = 50, ∑Y = – 30, ∑X2 = 290, ∑Y2 = 300, ∑XY = – 115, N = 10

Sum

Solution

∑X = 50, ∑Y = – 30, ∑X2 = 290, ∑Y2 = 300, ∑XY = – 115, N = 10

Coefficient of correlation

r(X, Y) = `("N"sum"XY" - (sum"X")(sum"Y"))/(sqrt("N"sum"X"^2 - (sum"X")^2) xx sqrt("N"sum"Y"^2 - (sum"Y")^2))`

= `(10(-115) - (50)(-30))/(sqrt(10(290) - (50)^2) xx sqrt(10(300) - (-30)^2))`

= `(-1150 + 1500)/((20)(sqrt2100))`

= `350/((20)(45.83))`

= `350/916.6`

r = 0.382

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Chapter 9: Correlation and Regression Analysis - Miscellaneous Problems [Page 229]

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Samacheer Kalvi Business Mathematics and Statistics [English] Class 11 TN Board
Chapter 9 Correlation and Regression Analysis
Miscellaneous Problems | Q 2 | Page 229
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