Find the correlation coefficient between median annual income in the United States and the number of horse races won by the leading jockey, for the period 1984-1995:YearMedian incomeNumber of races won by leading jockey198435165399198535778469198637027429198737256450198837512474198937997598199037343364199136054430199235593433199335241410199435486317Test the hypothesis that there is no correlation between median income and the number of races won by the leading jockey. Interpret your results.

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Answered: Find the correlation coefficient…

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018

18th Edition

ISBN:9780079039897

Author:Carter

Publisher:Carter

Chapter4: Equations Of Linear Functions

Section4.5: Correlation And Causation

Problem 23PFA

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Question

Find the correlation coefficient between median annual income in the United States and the number of horse races won by the leading jockey, for the period 1984-1995:

Year	Median income	Number of races won by leading jockey
1984	35165	399
1985	35778	469
1986	37027	429
1987	37256	450
1988	37512	474
1989	37997	598
1990	37343	364
1991	36054	430
1992	35593	433
1993	35241	410
1994	35486	317