correlation coefficient question

User Generated

wbfflonor

Mathematics

Description

12.4. The following data are the claims (in $ millions) for BlueCross BlueShield benefits for nine states, along with the surplus (in $ millions) that the company had in assets in those states.

STATE

CLAIMS

SURPLUS

Alabama

$1,425

$277

Colorado

273

 100

Florida

915

 120

Illinois

1,687

 259

Maine

234

  40

Montana

142

  25

North Dakota

259

  57

Oklahoma

258

  31

Texas

894

 141

Use the data to compute a correlation coefficient, r, to determine the correlation between claims and surplus.

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Explanation & Answer

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Anonymous
Awesome! Perfect study aid.

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