The following data represent 15 randomly selected state finances: revenue and expenditures (in millions of dollars) for
Question:
(a) Draw a scatterplot.
(b) Find the sample correlation between revenue and expenditure.
(c) Draw a QQ plot.
(d) Interpret (a), (b), and (c).
Transcribed Image Text:
Revenue: 9439 8845 14,520 24,028 39,038 5215 20,128 7467 26,538 5,537 6,494 2818 49318 4229 7724 Expenditur 5722 7685 13,862 21,975 35,302 444 16,200 7145 25,791 4808 5130 2426 39,296 4002 6818
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a The following is a scatter plot of the data b r 0991...View the full answer
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Related Book For
Mathematical Statistics With Applications In R
ISBN: 9780124171138
2nd Edition
Authors: Chris P. Tsokos, K.M. Ramachandran
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