Calculate the correlation coefficient r. Make a conclusion about the type of correlation.

Holt Mcdougal Larson Pre-algebra: Student Edition 2012
1st Edition
ISBN:9780547587776
Author:HOLT MCDOUGAL
Publisher:HOLT MCDOUGAL
Chapter7: Percents
Section7.6: Percent Applications
Problem 16E
icon
Related questions
icon
Concept explainers
Question

Calculate the correlation coefficient r.

Make a conclusion about the type of correlation.

 
The budget (in millions of dollars) and worldwide gross (in millions of dollars) for eight movies are shown below. Complete parts (a) through (c).
Budget, x
Gross, y
206
205
201
201
181
177
173
170
388
281
256
787
754
1830
370
510
Transcribed Image Text:The budget (in millions of dollars) and worldwide gross (in millions of dollars) for eight movies are shown below. Complete parts (a) through (c). Budget, x Gross, y 206 205 201 201 181 177 173 170 388 281 256 787 754 1830 370 510
Expert Solution
Step 1

Correlation coefficient measures the strength and direction of the linear relationship between two variables.

steps

Step by step

Solved in 2 steps with 2 images

Blurred answer
Knowledge Booster
Correlation, Regression, and Association
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, statistics and related others by exploring similar questions and additional content below.
Recommended textbooks for you
Holt Mcdougal Larson Pre-algebra: Student Edition…
Holt Mcdougal Larson Pre-algebra: Student Edition…
Algebra
ISBN:
9780547587776
Author:
HOLT MCDOUGAL
Publisher:
HOLT MCDOUGAL