2. State Debt and Per Capita Tax An economics student wishes to see if there is a relationship between the amount of state debt per capita and the amount of tax per capita at the state level. Based on the following data, can she or he conclude that per capita state debt and per capita state taxes are related? Both amounts are in dollars and represent five randomly selected states. Per capita debt Per capita tax 1924 907 1445 1608 661 1685 1838 1734 1842 1317 y Source: World Almanac.
2. State Debt and Per Capita Tax An economics student wishes to see if there is a relationship between the amount of state debt per capita and the amount of tax per capita at the state level. Based on the following data, can she or he conclude that per capita state debt and per capita state taxes are related? Both amounts are in dollars and represent five randomly selected states. Per capita debt Per capita tax 1924 907 1445 1608 661 1685 1838 1734 1842 1317 y Source: World Almanac.
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
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PLEASE ANSWER NUMBER 2, A-E. THANKS!
Transcribed Image Text:For word problems 1 through 2, perform the following steps.
a. Draw the scatter plot for the variables.
b. Compute the value of the correlation coefficient.
c. State the hypotheses.
d. Test the significance of the correlation coefficient at a = 0.05, using Table I.
e. Give a brief explanation of the type of relationship.
Transcribed Image Text:2. State Debt and Per Capita Tax
An economics student wishes to see if there is a relationship between the amount of state debt per
capita and the amount of tax per capita at the state level. Based on the following data, can she or he
conclude that per capita state debt and per capita state taxes are related? Both amounts are in
dollars and represent five randomly selected states.
Per capita debt
Per capita tax
1924
907
1445
1608
661
1685
1838
1734
1842
1317
y
Source: World Almanac.
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