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Business, 02.06.2021 21:40 Daud2020

Closing prices of two stocks are recorded for 50 trading days. The sample standard deviation of stock X is 4.884 and the sample standard deviation of stock Yis 8.463. The sample covariance is $36.478. (a) Calculate the sample correlation coefficient. (Round your answer to 4 decimal places.) Correlation coefficient
(b) Describe the relationship between prices of these two stocks. There is (Click to select) correlation between the two stock prices.

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