(a) Make an Excel scatter plot of X = percent change in U.S. real GDP and Y...

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(a) Make an Excel scatter plot of X = percent change in U.S. real GDP and Y = percent change in U.S. personal consumption expenditures 2000–2015.

(b) Describe the relationship (if any). Weak? Strong? Negative? Positive?

(d) Calculate the sample correlation using the Excel function =CORREL. What does it tell you?

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Essential Statistics In Business And Economics

ISBN: 9781260239508

3rd Edition

Authors: David Doane, Lori Seward

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Question Posted: Oct 02, 2019 01:13 PM

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(a) Make an Excel scatter plot of X = percent change in U.S. real GDP and Y...

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a b The scatter plot shows a strong positive linear relationsh...View the full answer

Essential Statistics In Business And Economics

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