[CUSTOM SOLUTION] Sample Covariance and Correlation

Calculate the sample covariance and correlation for the two relationships in question 2 above using Data Analysis Tool Pack or Excel statistical functions. In addition, you are required to calculate the sample covariance and correlation using a second method (using basic Excel formulae without Data Analysis Tool Pack). The calculations by the second method should be carefully laid out in Excel and should NOT use any hard-wired Excel statistical functions e.g. COVARIANCE.S, CORREL, et al. You can use the Excel sort command, the sum command, and any other non-statistical excel commands. Carefully interpret your results.

 

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