(See) Use the data in the table, which shows the personal income and outlays (both in trillions of dollars) for Americans for 11 recent years. (Source:
Question: Use the data in the table, which shows the personal income and outlays (both in trillions of dollars) for Americans for 11 recent years. (Source: U.S. Commerce Department, Bureau of Economic Analysis)
Calculate the correlation coefficient \(r\). What can you conclude?
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![[See Steps] Use the data in the](/images/solutions/MC-solution-library-54472.jpg "[See Steps] Use the data in the table, which shows the personal")
[See Steps] Use the data in the table, which shows the personal
![[Steps Shown] Use the data in the](/images/solutions/MC-solution-library-54473.jpg "[Steps Shown] Use the data in the table, which shows the personal")
[Steps Shown] Use the data in the table, which shows the personal
(Step-by-Step) Use the data in the table, which shows the personal
![[See Steps] In a survey of 1037](/images/solutions/MC-solution-library-54475.jpg "[See Steps] In a survey of 1037 adults from the United States")
[See Steps] In a survey of 1037 adults from the United States
(See Solution) Use the data in the table, which shows the personal
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