Example Question Using Covariance FormulaQuestion: The table below describes the rate of economic growth (xi) and the rate of return on the S\&P 500(yi). Using the covariance formula, determine whether economic growth and S\&P 500 returns have a positive or inverse relationship. Before you compute the covariance, calculate the mean of x and y.\begin{tabular}{|l|l|}\hline \begin{tabular}{l} Economic Growth \% \\(xi)\end{tabular} & \begin{tabular}{l} S\&P 500 Returns \% \\(yi)\end{tabular} \\\hline 2.1 & 8 \\\hline 2.5 & 12 \\\hline 4.0 & 14 \\\hline 3.6 & 10 \\\hline\end{tabular}x=2.1,2.5,4.0, and 3.6 (economic growth)y=8,12,14, and 10 (S\&P 500 returns)Find xˉ and yˉ. Get tutor help