Thank you The following data are the claims (in $ millions) for BlueCross BlueShield benefitsfor nine states, along with the surplus (in $ millions) that the company had in assetsin those states.StateClaimsSurplusAlabama$1,425$277Colorado273100Florida915120Illinois1,687259Maine23440Montana14225North Dakota25957Oklahoma25831Техas894141Use the data to compute a correlation coefficient, r, to determine the correlationbetween claims and surplus. 12.68 Study the following Excel regression output for ananalysis attempting to predict the number of unionmembers in the United States by the size of the laborforce for selected years over a 30-year period from datapublished by the U.S. Bureau of Labor Statistics.Analyze the computer output. Discuss the strength ofthe model in terms of proportion of variationaccounted for, slope, and overall predictability. Usingthe equation of the regression line, attempt to predictthe number of union members when the labor force is110,000. Note that the model was developed with dataalready recoded in 1,000 units. Use the data in themodel as is.SUMMARY OUTPUTRegression StatisticsMultiple RR SquareAdjusted R SquareStandard Error0.7980.6360.612258.632Observations17ANOVASignificance F0.00012dfSSMSFRegression1756035.529175603626.25Residual151003354.47166890.3Total162759390CoefficientsStandard Errort StatP-valueIntercept20704.3805879.606723.540.00000Total Employment-0.03900.0076-5.120.00012

Name: Thank you The following data are the claims (in $ millions) for BlueCr
Uploaded: 2024-03-20T07:06:41.000Z
Channel: Bartleby
Description: Thank you The following data are the claims (in $ millions) for BlueCross BlueShield benefitsfor nine states, along with the surplus (in $ millions) that the company had in assetsin those states.StateClaimsSurplusAlabama$1,425$277Colorado273100Florid