Short Answer
A local tire dealer wants to predict the number of tires sold each month. He believes that the number of tires sold is a linear function of the amount of money invested in advertising. He randomly selects 6 months of data consisting of tire sales (in thousands of tires) and advertising expenditures (in thousands of dollars). Based on the data set with 6 observations, the simple linear regression model yielded the following results.
∑X = 24
∑X2 = 124
∑Y = 42
∑Y2 = 338
∑XY = 196
Calculate the sample correlation coefficient.
Correct Answer:

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r = .7977.
SSXY = 196 ...View Answer
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Correct Answer:
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SSXY = 196 ...
View Answer
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