Find out the correlation coefficient from the following data.
| X | 5 | 8 | 10 | 12 | 13 | 15 | 17 | 16 |
| Y | 8 | 12 | 14 | 10 | 13 | 16 | 14 | 17 |
To find the correlation coefficient, we need to first calculate the means, standard deviations, and covariance of the two variables X and Y.
The mean of X can be calculated as:
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