The following table shows U.S. corn supplies (in millions of bushels) and corn prices (dollars per...

 

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The following table shows U.S. corn supplies (in millions of bushels) and corn prices (dollars per bushel rounded to the nearest $0.10) for the years 1999 through 200s. Caleulate the sample correlation coefficient, r. The sums for the table data are: 10 10 = 123.1 = 25.80 10 10 E- 1529.63 E - 71.00 10 2T = 325.008 Year Supply, z Price, y 11.2 1999 $1.70 2000 11.8 1.80 2001 11.5 2.00 2002 10.6 2.40 2003 11.2 2.50 2001 12.8 2.10 2005 13.1 2.00 2006 12.6 3.00 2007 14.5 4.20 2008 13.8 4.10 In terms of the correlation coeflicient, r, what can you conclude about the relationship between z and g? The following table shows U.S. corn supplies (in millions of bushels) and corn prices (dollars per bushel rounded to the nearest $0.10) for the years 1999 through 200s. Caleulate the sample correlation coefficient, r. The sums for the table data are: 10 10 = 123.1 = 25.80 10 10 E- 1529.63 E - 71.00 10 2T = 325.008 Year Supply, z Price, y 11.2 1999 $1.70 2000 11.8 1.80 2001 11.5 2.00 2002 10.6 2.40 2003 11.2 2.50 2001 12.8 2.10 2005 13.1 2.00 2006 12.6 3.00 2007 14.5 4.20 2008 13.8 4.10 In terms of the correlation coeflicient, r, what can you conclude about the relationship between z and g?