Solved on Feb 17, 2024

Compute the correlation coefficient rr given x=5,811,x2=5,632,643,y=578,y2=65,292\sum x=5,811, \sum x^{2}=5,632,643, \sum y=578, \sum y^{2}=65,292 and xy=553,170\sum x y=553,170. Does rr imply that yy should tend to increase, decrease, or remain constant as xx increases?

STEP 1

Assumptions
1. We have the following sums for a set of data points: x=5,811\sum x=5,811, x2=5,632,643\sum x^{2}=5,632,643, y=578\sum y=578, y2=65,292\sum y^{2}=65,292, and xy=553,170\sum x y=553,170.
2. The number of data points, nn, is not given and needs to be calculated or assumed to be known.
3. The correlation coefficient, rr, is calculated using the formula: r=nxyxy(nx2(x)2)(ny2(y)2) r = \frac{n\sum xy - \sum x \sum y}{\sqrt{(n\sum x^2 - (\sum x)^2)(n\sum y^2 - (\sum y)^2)}}
4. The correlation coefficient, rr, indicates the strength and direction of a linear relationship between two variables.

STEP 2

First, we need to find the number of data points, nn. Since it is not provided, we will assume it is known or calculate it based on the information given.

STEP 3

We will use the formula for the correlation coefficient, rr, to compute its value. We will plug in the sums provided into the formula.

STEP 4

Calculate the numerator of the correlation coefficient formula:
numerator=nxyxy numerator = n\sum xy - \sum x \sum y

STEP 5

Using the provided sums, the numerator becomes:
numerator=n553,1705,811578 numerator = n \cdot 553,170 - 5,811 \cdot 578

STEP 6

Calculate the denominator of the correlation coefficient formula:
denominator=(nx2(x)2)(ny2(y)2) denominator = \sqrt{(n\sum x^2 - (\sum x)^2)(n\sum y^2 - (\sum y)^2)}

STEP 7

Using the provided sums, the denominator becomes:
denominator=(n5,632,6435,8112)(n65,2925782) denominator = \sqrt{(n \cdot 5,632,643 - 5,811^2)(n \cdot 65,292 - 578^2)}

STEP 8

Now, we need to find the value of nn. If nn is not provided, we must assume it or deduce it from the context of the problem. Since the problem doesn't give us any information about nn, we will assume it is known for the sake of calculating rr.

STEP 9

Assuming nn is known, we can now calculate the numerator and denominator with the actual value of nn.

STEP 10

Once we have the numerator and denominator, we can calculate rr by dividing the numerator by the denominator:
r=numeratordenominator r = \frac{numerator}{denominator}

STEP 11

After calculating rr, round the answer to four decimal places as requested.

STEP 12

To determine whether yy tends to increase or decrease as xx increases, we look at the sign of rr. If rr is positive, it implies that as xx increases, yy tends to increase. If rr is negative, it implies that as xx increases, yy tends to decrease. If rr is close to zero, it implies that there is no strong linear relationship between xx and yy.

STEP 13

Based on the calculated value of rr, we will determine the tendency of yy as xx increases.

STEP 14

Since we do not have the actual value of nn, we cannot compute the exact value of rr and thus cannot conclude the behavior of yy as xx increases. However, if we had nn, we would follow the steps above to compute rr and make the conclusion.

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