Question

In: Statistics and Probability

Test to see if there is a linear correlation between Age and Balance on a Visa...

  1. Test to see if there is a linear correlation between Age and Balance on a Visa card. Then predict the Balance for a person that is 30 years old.

The data collected below comes from people that live in Salinas. Listed below are the genders, ages and current balance on one specific type of Visa card.

Gender

Balance

Age

M

235

19

M

122

24

M

1752

55

M

1543

62

M

1655

34

M

0

19

M

84

22

M

355

26

M

299

28

M

2404

45

M

848

54

M

667

71

M

1248

32

M

7746

38

M

0

41

M

8329

51

M

486

34

M

554

38

M

874

54

F

601

62

F

56

80

F

472

27

F

59

18

F

4233

49

F

2544

58

F

109

22

F

235

24

F

644

36

F

3484

57

F

1509

27

F

624

30

F

3324

59

F

2268

33

F

495

19

F

0

26

Solutions

Expert Solution

Answer:-

Calculations :-

Page two

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Page four

Thanks dear student


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