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in Introduction to Statistical Methods and Econometrics by (48.8k points)
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Find the Karl Pearson coefficient of Correlation between X and Y from the following data:

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by (49.7k points)
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Best answer

Formula for Assumed Mean Deviation method.

Take the assumed values A = 16 & B = 27 therefore 

dx = X – A ⇒ X – 16 and 

dy = Y – A ⇒ Y = 27

There exists a positive high correlation between X and Y.

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