Correlation coefficient between two variables


A manager would like to know relationship between billable hours spent on the job the total cost of job including materials.The file jobs.xls contains the data. Summarize the relationship.

Job Billable hours Total cost including materials
1 680 123757
2 450 85920
3 520 98150
4 740 122800
5 880 128514
6 650 122957
7 250 82746
8 270 80262
9 770 121967
10 570 116381

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Basic Statistics: Correlation coefficient between two variables
Reference No:- TGS021638

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