Here are the debt values from the graph that appeared in the previous exercise. Compute the value of the correlation coefficient for these data. Explain how this value is consistent with your answer to Exercise 4.16.
Household Debt Consumer Debt
3.9…………………………. 2.5
4.0…………………………. 2.5
4.2…………………………. 2.6
4.5…………………………. 2.7
4.9…………………………. 2.8
5.0…………………………. 3.0
5.5…………………………. 3.2
6.0…………………………. 3.5
6.5…………………………. 4.0
6.9…………………………. 4.5
7.9…………………………. 4.9
8.0…………………………. 4.7