Question: Compute the value of the correlation coefficient, state hypothesis, test the significant of the correlation coeffieicnt, and give a brief explanation of the type of

Compute the value of the correlation coefficient, state hypothesis, test the significant of the correlation coeffieicnt, and give a brief explanation of the type of relationship

Compute the value of the correlation coefficient, state hypothesis, test the significant

State Debt and Per Capita Tax An economics student wishes to see if there is a relationship between the amount of state debt per capita and the amount of tax per capita at the state level. Based on the following data, can she or he conclude that per capita state debt and per capita state taxes are related? Both amounts are in dollars and represent five randomly selected states. Per capita debt x 1645 2781 1904 1791 3418 Per capita tax y 2423 3890 2129 2095 2214 Send data to Excel Part: 0 / 5 Part 1 of 5 (a) Draw the scatter plot for the variables. State Debt and Per Capita Tax 4500- X 4000 3500- 3000 - 2500- 2000- 1300- 1000 - 300 - 300 1000 1300 2000 2500 3000 3500 4000 Debt

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