Question

In New Jersey, banks have been charged with withdrawing from counties having a high percentage of minorities. To substantiate this charge, P. D’Ambrosio and S. Chambers (1995) present the data in the page margin concerning the percentage, x, of minority population and the number of county residents, y, per bank branch in each of New Jersey’s 21 counties. If we use Excel to perform a simple linear regression analysis of this data, we obtain the output given in Figure 13.38 on the next page.
a. Determine if there is a significant relationship between x and y.
b. Describe the exact nature of any relationship that exists between x and y.


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  • CreatedMay 28, 2015
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