[Solution Library] The following data represent the daily supply (y in thousands of units) and the unit price (x in dollars) for a product. (optional, 10 point
Question: The following data represent the daily supply (y in thousands of units) and the unit price (x in dollars) for a product. (optional, 10 point extra)
| Daily Supply (y) | Unit Price (x) |
| 5 | 2 |
| 7 | 4 |
| 9 | 8 |
| 12 | 5 |
| 10 | 7 |
| 13 | 8 |
| 16 | 16 |
| 16 | 6 |
-
Compute and interpret the sample covariance for the above data.
- Compute and interpret the sample correlation coefficient.
Deliverable: Word Document 
(See Steps) Assume two events A and B are mutually exclusive and,
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