Question: . You have been provided with the following table for a sample of small Oceanic economy (in billions of dollars): Year 2014 2015 2016 2017

. You have been provided with the following table for a sample of small Oceanic economy (in billions of dollars): Year 2014 2015 2016 2017 2018 Income (I) 90 110 130 150 170 Consumption (C) 90 100 110 120 130 Requirements. Answer the following questions: Q1. What are the means of income and consumption? Q2. What are the variances of income and consumption? Q3. What are the standard deviations of income and consumption? Q4. What is the covariance between income and consumption? Q5. What is the correlation coefficient between income and consumption?

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