The question asks for the manual calculation of Pearson’s product-moment correlation coefficient for a small dataset. It tests knowledge of the relevant formula and statistical computation.
Calculate Pearson’s product-moment correlation coefficient, , for the following dataset:
| 1 | 2 | 3 | 4 | 5 | |
|---|---|---|---|---|---|
| 2 | 3 | 5 | 7 | 11 |
The question tests the application of a linear regression model to make predictions and the evaluation of the reliability of such predictions based on the range of the data used to create the model.
Using the regression line for the dataset , predict the value of when and comment on the reliability of your prediction.
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