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 2069, 1910, 2666, 2004, 2324 Per capita tax 3691, 2176, 4766, 3137, 2230 Draw the scatter plot for the variables. Compute the value of the correlation coefficient r= state the hypothesis h0: h1: critical value(s) reject or accept the null hypothesis Give a brief explanation of the type of relationship
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 2069, 1910, 2666, 2004, 2324
Per capita tax 3691, 2176, 4766, 3137, 2230
Draw the
Compute the value of the
r=
state the hypothesis
h0:
h1:
critical value(s)
reject or accept the null hypothesis
Give a brief explanation of the type of relationship
Step by step
Solved in 4 steps with 1 images
