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Correlation coefficient

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA PM Exams › Correlation coefficient

  • This topic has 1 reply, 2 voices, and was last updated 1 year ago by LMR1006.
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  • Author
    Posts
  • February 21, 2024 at 11:30 am #700787
    somina
    Participant
    • Topics: 1
    • Replies: 0
    • ☆

    An ice cream supplier has recorded some sales data.
    Were x shows relationship between temperature
    Y is sales
    Sum x = 210
    Sum y = 187
    Sum x2 = 4634
    Sum y2 = 3865
    Sum xy = 4208
    What is correlation coefficient and sales (to two decimal places)?
    I got coefficient 0.98
    But how do I calculate sales?

    February 21, 2024 at 11:53 am #700788
    LMR1006
    Keymaster
    • Topics: 4
    • Replies: 1579
    • ☆☆☆☆☆

    As for calculating sales, the information provided I don’t think the question has enough information to calculate sales. Also I don’t think it’s a PM standard question.

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