Use the data given in question 70 and the MINITAB program to find the correlation coefficient between

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Use the data given in question 70 and the MINITAB program to find the correlation coefficient between unemployment in the United States and in New Jersey for 1980–1989.

Question 70

You are given the following information on unemployment in the United States and in New Jersey (data from New Jersey Economic Indicators, March 1990):

Number unemployed (in thousands)image text in transcribed

If you are interested in the relationship between unemployment in the United States and in New Jersey, which unemployment figure should be your independent variable? Use the MINITAB program to estimate a model showing the relationship between unemployment in the United States and in New Jersey.

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Related Book For  book-img-for-question

Statistics For Business And Financial Economics

ISBN: 9781461458975

3rd Edition

Authors: Cheng Few Lee , John C Lee , Alice C Lee

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