[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. Personal
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.
| Personal income, x | Personal outlays, y |
|
5.6
5.8 6.2 6.5 6.9 7.4 7.8 8.4 8.7 8.9 9.2 |
4.6
4.9 5.2 5.5 5.8 6.1 6.5 7.0 7.3 7.7 8.0 |
Calculate the correlation coefficient r . What can you conclude?
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