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A firm intends studying the relationship between the age (in years) and the annual repair cost (in thousands of rand), of the machines in their factory. A sample of eight machines was randomly selected and the following data were collected:
Age of machine (in years) x | Repair cost (in thousands of rand) y |
3 6 8 4 7 10 1 4 | 4 10 11 7 10 16 2 6 |
Determine the correlation coefficient of a linear regression between x and y. What relationship exists between x and y?