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(Solved): The following bivariate data set contains an outlier. What is the correlation coefficient with the ...
![The following bivariate data set contains an outlier.
What is the correlation coefficient with the outlier?
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The following bivariate data set contains an outlier. What is the correlation coefficient with the outlier? [Round your answer to three decimal places.] What is the correlation coefficient without the outlier? [Round your answer to three decimal places.]
Expert Answer
To calculate the correlation coefficients, we can use the following formula: where n is the number of data points, ? represents the sum of the values, X and Y are the two variables, and XY is the product of the corresponding X and Y values.Using this formula, we get:Without the outlier:n = 14?X = 944.4?Y = 27079.6