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Calculate and interpret the Coefficient of Correlation between the following indicators: GDP (Current $US) and Military expenditure (current USD).

Calculate and interpret the Coefficient of Correlation between the following indicators: GDP (Current $US) and Military expenditure (current USD).

Functions and Change: A Modeling Approach to College Algebra (MindTap Course List)
Functions and Change: A Modeling Approach to College Algebra (MindTap Course List)
6th Edition
ISBN:9781337111348
Author:Bruce Crauder, Benny Evans, Alan Noell
Publisher:Bruce Crauder, Benny Evans, Alan Noell
Chapter5: A Survey Of Other Common Functions
Section5.3: Modeling Data With Power Functions
Problem 6E: Urban Travel Times Population of cities and driving times are related, as shown in the accompanying...
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  1. Calculate and interpret the Coefficient of Correlation between the following indicators:
  • GDP (Current $US) and Military expenditure (current USD).
1 Country Name Fiji 2 Indicator Name GDP (current $US) 112328422.1 3 1960 4 1961 116987784.9 5 1962 122906435 6 1963 7 1964 8 1965 9 1966 10 1967 11 1968 12 1969 13 1970 14 1971 15 1972 16 1973 17 1974 18 1975 19 1976 20 1977 21 1978 22 1979 23 1980 24 1981 25 1982 26 1983 27 1984 28 1985 29 1986 30 1987 31 1988 129454728.6 140032741.5 147084750 150603925.5 162625885.9 166952937.1 182182067.7 219878482.2 247749327.7 316650509 425963359.4 558589870.9 684268280.8 694552411.7 719533137.1 829239489.8 1019743927 1202567359 1235665809 1194122694 1123107276 1177997414 1141123440 1290228617 1177908192 1109976928 D Fiji Fiji Goods exports (BoP, Net official development current US$) 270166705.2 373561368.6 314722248.9 286943410.2 240919470.5 258092426.1 235272870.5 275849081.9 328494000.5 372869703 assistance received (constant 10739999.77 9640000.343 100040000.9 40389999.39 30329999.92 36250000 32529998.78 22010000.23 51630001.07 69809997.56 50950000.76 69040000.92 50259998.32 78129997.25 68849998.47 84099998.47 106489997.9 92040000.92 87709999.08 91150001.53 89059997.56 99800003.05 88430000.31 84680000.31 82709999.08 86650001.53 94989997.86 69120002.75 92470001.22 Fiji External debt stocks, total (DOD, current US$) 11665440 14810208.6 20721484.6 47197248 54507121.5 59299120.5 63899866.3 120597359.1 103213454.6 141674748.1 216321921.5 276430731.2 302393413.9 332406077.7 314560182.5 335680653.4 339619142.3 364679007.7 370909718.9 Fiji Military expenditure 413396.8127 535616.7685 787703.1062 931727.0694 1353022.08 2056253.749 2751430.02 3651464.946 7239265.398 9572320.678 10367191.75 11361681.76 14939154.85 15102947.83 15601330.13 14008928.96 14591259.37 25131445.66 24673835.53 G Fiji Final consumption expenditure (current 894127139.4 974782354.3 952826040.3 963401179.9 959728431.6 945310332.9 993748786.3 976570463.9 948710060.8
Transcribed Image Text:1 Country Name Fiji 2 Indicator Name GDP (current $US) 112328422.1 3 1960 4 1961 116987784.9 5 1962 122906435 6 1963 7 1964 8 1965 9 1966 10 1967 11 1968 12 1969 13 1970 14 1971 15 1972 16 1973 17 1974 18 1975 19 1976 20 1977 21 1978 22 1979 23 1980 24 1981 25 1982 26 1983 27 1984 28 1985 29 1986 30 1987 31 1988 129454728.6 140032741.5 147084750 150603925.5 162625885.9 166952937.1 182182067.7 219878482.2 247749327.7 316650509 425963359.4 558589870.9 684268280.8 694552411.7 719533137.1 829239489.8 1019743927 1202567359 1235665809 1194122694 1123107276 1177997414 1141123440 1290228617 1177908192 1109976928 D Fiji Fiji Goods exports (BoP, Net official development current US$) 270166705.2 373561368.6 314722248.9 286943410.2 240919470.5 258092426.1 235272870.5 275849081.9 328494000.5 372869703 assistance received (constant 10739999.77 9640000.343 100040000.9 40389999.39 30329999.92 36250000 32529998.78 22010000.23 51630001.07 69809997.56 50950000.76 69040000.92 50259998.32 78129997.25 68849998.47 84099998.47 106489997.9 92040000.92 87709999.08 91150001.53 89059997.56 99800003.05 88430000.31 84680000.31 82709999.08 86650001.53 94989997.86 69120002.75 92470001.22 Fiji External debt stocks, total (DOD, current US$) 11665440 14810208.6 20721484.6 47197248 54507121.5 59299120.5 63899866.3 120597359.1 103213454.6 141674748.1 216321921.5 276430731.2 302393413.9 332406077.7 314560182.5 335680653.4 339619142.3 364679007.7 370909718.9 Fiji Military expenditure 413396.8127 535616.7685 787703.1062 931727.0694 1353022.08 2056253.749 2751430.02 3651464.946 7239265.398 9572320.678 10367191.75 11361681.76 14939154.85 15102947.83 15601330.13 14008928.96 14591259.37 25131445.66 24673835.53 G Fiji Final consumption expenditure (current 894127139.4 974782354.3 952826040.3 963401179.9 959728431.6 945310332.9 993748786.3 976570463.9 948710060.8
32 1989 33 1990 34 1991 35 1992 36 1993 37 1994 38 1995 39 1996 40 1997 41 1998 42 1999 43 2000 44 2001 45 2002 46 2003 47 2004 48 2005 49 2006 50 2007 51 2008 52 2009 53 2010 54 2011 55 2012 56 2013 57 2014 58 2015 59 2016 60 2017 61 2018 62 2019 63 2020 1182686577 1337024782 1383843860 1532401863 1636074718 1825763268 1970347721 2128696644 2090184941 1653160862 1936484565 1678239218 1652464201 1833279985 2300453634 2708078477 2980484920 3076305453 3378314600 3523185920 2870624636 3140181444 3779378134 3972012571 4189915667 4857220602 4682546881 4930204220 5353404419 5581371848 5481675173 4477040340 377123595.5 415555768.1 362574823.4 349769265.6 370936096.4 490190386.7 519649206 672201239.9 535646873.4 428927346.1 537716570.4 530125262.7 496959366.8 464124766.1 651015610.4 634301946.2 680569041.2 659151820.7 722647098.9 901997972.2 615098781.7 819747577.5 1071737361 1205131844 1143327159 1208532271 970193385.8 921839857.5 987051789.2 1003626840 1026264878 819285988.1 70610000.61 81319999.69 71519996.64 98709999.08 89629997,25 57450000.76 57750000 59569999.69 61150001.53 54919998.17 47950000.76 42349998.47 41250000 49729999.54 65269996.64 78339996.34 77809997.56 66940002.44 54150001.53 46389999.39 66319999.69 69809997.56 61450000.76 87389999.39 80459999.08 85569999.69 109470001.2 123989997.9 148990005.5 120959999.1 142860000.6 316399872 318026329.3 282093980.4 257427622.5 246248945.3 196861157.8 183417026 165771501 158130798.8 140365632.2 203848126.2 194527935.4 181389690.1 211378367.3 258131310.3 263742090.4 302666509.7 373224464.8 397932776.2 689116436.7 1067927269 1107442022 1355509518 1270343618 1284885601 1291245045 1232759435 1297960843 1267715374 1245387658 1344060627 1518014489 29083211.42 30542031.59 32482582.88 30539125.34 32041095.62 33665273.34 34700248.16 32851136.61 30962540.18 22598926.93 23811699.72 32039537.35 32811655.82 30914304.27 37296898.08 46798811.28 43111350.29 54067168.06 75576918.3 53585658.62 51285722.32 50408953.71 60785527.47 59221516.41 58108276.9 74787941.13 42617557.6 54411608 75276555.01 81378313.57 79497171.86 73510781.83 1063567721 1208124114 1241365546 1326246174 1358953172 1456160781 1580830548 1586973562 1582046131 1182252869 1277467506 1249412760 1210225775 1283231972 1568519886 1764512406 2768866884 2919347967 3034012793 3287996737 2652227233 2741880154 3205195182 3407651880 3560302704 3786928102 3621853547 3960758104 4288693212 4512216154 4475513794 3789452693
Transcribed Image Text:32 1989 33 1990 34 1991 35 1992 36 1993 37 1994 38 1995 39 1996 40 1997 41 1998 42 1999 43 2000 44 2001 45 2002 46 2003 47 2004 48 2005 49 2006 50 2007 51 2008 52 2009 53 2010 54 2011 55 2012 56 2013 57 2014 58 2015 59 2016 60 2017 61 2018 62 2019 63 2020 1182686577 1337024782 1383843860 1532401863 1636074718 1825763268 1970347721 2128696644 2090184941 1653160862 1936484565 1678239218 1652464201 1833279985 2300453634 2708078477 2980484920 3076305453 3378314600 3523185920 2870624636 3140181444 3779378134 3972012571 4189915667 4857220602 4682546881 4930204220 5353404419 5581371848 5481675173 4477040340 377123595.5 415555768.1 362574823.4 349769265.6 370936096.4 490190386.7 519649206 672201239.9 535646873.4 428927346.1 537716570.4 530125262.7 496959366.8 464124766.1 651015610.4 634301946.2 680569041.2 659151820.7 722647098.9 901997972.2 615098781.7 819747577.5 1071737361 1205131844 1143327159 1208532271 970193385.8 921839857.5 987051789.2 1003626840 1026264878 819285988.1 70610000.61 81319999.69 71519996.64 98709999.08 89629997,25 57450000.76 57750000 59569999.69 61150001.53 54919998.17 47950000.76 42349998.47 41250000 49729999.54 65269996.64 78339996.34 77809997.56 66940002.44 54150001.53 46389999.39 66319999.69 69809997.56 61450000.76 87389999.39 80459999.08 85569999.69 109470001.2 123989997.9 148990005.5 120959999.1 142860000.6 316399872 318026329.3 282093980.4 257427622.5 246248945.3 196861157.8 183417026 165771501 158130798.8 140365632.2 203848126.2 194527935.4 181389690.1 211378367.3 258131310.3 263742090.4 302666509.7 373224464.8 397932776.2 689116436.7 1067927269 1107442022 1355509518 1270343618 1284885601 1291245045 1232759435 1297960843 1267715374 1245387658 1344060627 1518014489 29083211.42 30542031.59 32482582.88 30539125.34 32041095.62 33665273.34 34700248.16 32851136.61 30962540.18 22598926.93 23811699.72 32039537.35 32811655.82 30914304.27 37296898.08 46798811.28 43111350.29 54067168.06 75576918.3 53585658.62 51285722.32 50408953.71 60785527.47 59221516.41 58108276.9 74787941.13 42617557.6 54411608 75276555.01 81378313.57 79497171.86 73510781.83 1063567721 1208124114 1241365546 1326246174 1358953172 1456160781 1580830548 1586973562 1582046131 1182252869 1277467506 1249412760 1210225775 1283231972 1568519886 1764512406 2768866884 2919347967 3034012793 3287996737 2652227233 2741880154 3205195182 3407651880 3560302704 3786928102 3621853547 3960758104 4288693212 4512216154 4475513794 3789452693
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