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In: Statistics and Probability

Data from the U.S. Federal Reserve Board on the percentage of disposable personal income required to...

Data from the U.S. Federal Reserve Board on the percentage of disposable personal income required to meet consumer loan payments and mortgage payments for selected years are shown in the following table. What is the value of the correlation coefficient for this data set? (Give the answer to four decimal places.)
r =

Consumer
Debt		 Household
Debt		 Consumer
Debt		 Household
Debt
7.88 6.23 6.25 5.74
7.91 6.13 6.10 5.95
7.66 5.94 6.31 6.09
7.62 5.83 6.97 6.27
7.47 5.83 7.38 6.07
7.50 5.86 7.51 5.80
7.36 5.80 7.84 5.81
6.57 5.80

Solutions

Expert Solution

From the given data

The correlation coefficient is rxy = 0.1088

orchestra answered 1 year ago
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