How strong is the correlation between the inflation rate and 30-year treasury yields? The following data published
Question:
Inflation Rate ..... 30-Year Treasury Yield
1.57% ......... 3.05%
2.23 .......... 3.93
2.17 .......... 4.68
4.53 ......... 6.57
7.25 ......... 8.27
9.25 .......... 12.01
5.00 ......... 10.27
4.62 ......... 8.45
Compute the Pearson product-moment correlation coefficient to determine the strength of the correlation between these two variables. Comment on the strength and direction of the correlation.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Related Book For
Business Statistics For Contemporary Decision Making
ISBN: 978-1118749647
8th edition
Authors: Black Ken
Question Posted: