An employee of an auction house has a list of 25 recently sold paintings. Eight artists were represented in these sales. The sale price of each painting is on the list. Would the correlation coefficient be an appropriate way to summarize the relationship between artist (x) and sale price (y)? Why or why not?

Step-by-step explanation:

Given that:

A list of 25 recently sold paintings in an auction house is available, and eight artists were represented in the sales.

The objective is to determine if the correlation coefficient would be an appropriate way to summarize the relationship between the artist (x) and sale price (y).

From the information given;

NO, The correlation coefficient would not be an appropriate way to summarize the relationship between artist (x) and sale price (y).

The reason is being that since variable (x) is the artist and which is regarded as the categorical variable even though it is attributed to numerical values, it cannot and will not be used in quantitative studies like correlation.  

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