For exercises 1-8, use the data in the table, which shows the personal incoMeand outlays (both in tr
Question: For exercises 1-8, use the data in the table, which shows the personal incoMeand outlays (both in trillions of dollars) for Americans for 11 recent years.
Personal Income x | Personal outlay, y |
5.6 | 4.6 |
5.8 | 4.9 |
6.2 | 5.2 |
6.5 | 5.5 |
6.9 | 5.8 |
7.4 | 6.1 |
7.8 | 6.5 |
8.4 | 7 |
8.7 | 7.3 |
8.9 | 7.7 |
9.2 | 8 |
Calculate the correlation coefficient \(r\). What can you conclude?
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Solution Format: Word Document![](/images/msword.png)
Solution Format: Word Document
![](/images/msword.png)