> I have this matrix:
> A =
> 1 1000
> 2 1010
> 3 1020
> 4 1030
> 5 1040
> 6 1050
> 7 1060
> 8 1070
> 9 1080
> 10 1090
> If the first column is the variable X and the second column is the variable
> Y I would like to see how correlated the data is. Computing the covariance
> matrix gives:
> C =
> 9.1667 91.6667
> 91.6667 916.6667
> I have read that if an element in C is 0 there is no covariance between the
> corresponding variables, if its positive there is a covariance between the
> two variables and if its negative there is a covariance between X and -Y.
> In C the covariance between X and Y is 91.6667. But how should that number
> be interpretated and does the magnitude have anything to say?
> If I plot the above data X and Y does not seem very correlated (close to
> each other).
You are not thinking. Look at the data: the values of Y = y and X = x R.G. Vickson