Two indicators of the level of economic activity in a given geographical area are its median household
Question:
a. Calculate the correlation coefficient between the two variables.
b. Test for a significant correlation at the 0.05 level of significance and draw your conclusion.
Transcribed Image Text:
State Colorado Kansas Missouri Nebraska New Mexico Oklahoma Wyoming Median Household Income 57.184 $50,174 46,847 49,731 Percent in Poverty 11.2 11.3 13.5 10.8 17.0 15.7 9.5 0 $42,836 $54,735
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a Summary of data n 7 r 0861 b Step 1 a The linear correlation coefficient ...View the full answer
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