Final answer:
To find the correlation coefficient, use the formula: r = ((x - mean(x))(y - mean(y))) / (sqrt(sum(((x - mean(x))²)) * sqrt(sum((y - mean(y)²))).
Step-by-step explanation:
To find the correlation coefficient, we can use the formula:
r = Σ[(x - μx)(y - μy)] / [√(Σ(x - μx)²)√(Σ(y - μy)²)]
Once we calculate the correlation coefficient, we can interpret its value. A correlation coefficient between -1 and 1 indicates the strength and direction of the relationship. A value close to 1 or -1 indicates a strong positive or negative relationship, respectively.