Edexcel S1 2003 June — Question 3

Exam BoardEdexcel
ModuleS1 (Statistics 1)
Year2003
SessionJune
TopicBivariate data
TypeCalculate r from raw bivariate data

3. A company owns two petrol stations \(P\) and \(Q\) along a main road. Total daily sales in the same week for \(P ( \pounds p )\) and for \(Q ( \pounds q )\) are summarised in the table below.
\(p\)\(q\)
Monday47605380
Tuesday53954460
Wednesday58404640
Thursday46505450
Friday53654340
Saturday49905550
Sunday43655840
When these data are coded using \(x = \frac { p - 4365 } { 100 }\) and \(y = \frac { q - 4340 } { 100 }\), $$\Sigma x = 48.1 , \Sigma y = 52.8 , \Sigma x ^ { 2 } = 486.44 , \Sigma y ^ { 2 } = 613.22 \text { and } \Sigma x y = 204.95 .$$
  1. Calculate \(S _ { x y } , S _ { x x }\) and \(S _ { y y }\).
  2. Calculate, to 3 significant figures, the value of the product moment correlation coefficient between \(x\) and \(y\).
    1. Write down the value of the product moment correlation coefficient between \(p\) and \(q\).
    2. Give an interpretation of this value.