Longevity and Salary A sample of eight observations of variables x (years of experience)and y (salary in $1,000s)is shown below:
-{Longevity and Salary Narrative}
a.Calculate and interpret the covariance between x and y.
b.Give a possible reason that the covariance is negative.

Question

Longevity and Salary A sample of eight observations of variables x (years of experience)and y (salary in $1,000s)is shown below:  ​ ​
-{Longevity and Salary Narrative}
a.Calculate and interpret the covariance between x and y.
b.Give a possible reason that the covariance is negative.

Quizplus · Accepted Answer

The Answer of  Longevity and Salary A sample of eight observations of variables x (years of experience)and y (salary in $1,000s)is shown below:  ​ ​
-{Longevity and Salary Narrative}
a.Calculate and interpret the covariance between x and y.
b.Give a possible reason that the covariance is negative.

Longevity and Salary a Sample of Eight Observations of Variables