I've already answered parts a. & b. (see image) please answer parts c. & d.Data Table:Income_($) Credit_Card_Balance_($)48000 43138000 119849000 114860000 27058000 6960000 82436000 217548000 10355000 039000 112743000 10738000 36636000 77340000 195742000 335c. Calculate the correlation coefficient for these two variables and test to determine whether there is a significant correlation at the α=0.01 level.r= _______ (Round to three decimal places as needed.) d. (see images) A bank issues credit cards to its customers. A main factor in determining whether a credit card will be profitable to the bank is the average monthly balance that thecustomer will maintain on the card that will be subject to finance charges. Bank analysts wish to determine whether there is a relationship between the average monthlycredit card balance and the income stated on the original credit card application form. The accompanying table contains the sample data that have been collected fromexisting credit card customers. Complete parts a through d below. Use a = 0.01 where needed.Click here to view the data table.O D. The dependent variable is the bank's profit, and the independent variable is the credit card balance.b. Construct a scatter plot for these data and describe what relationship appears to exist between these two variables. Choose the correct graph below.O A.O B.C.D.AlncomeAlncome250065000-2500-65000-0-20,0000+++20,00065,00020000-65.00020000-2,500Credit Card Balance2,500Credit Card BalanceIncomeIncomeThere appears to be a negative relationship between x and y.c. Calculate the correlation coefficient for these two variables and test to determine whether there is a significant correlation at the a=0.01 level.(Round to three decimal places as needed.)Credit C ard BalanceCredit C ard Balance What are the appropriate hypotheses to test for this correlation coefficient?OB. Hg: p#0HA: p=0O A. H p20OC. H p=0H p#0OD. Hgi p0H psoOF. Hg ps0HA: p0Calculate the t-lest statistic for correlation.(Round to three decimal places as needed.)

Question

I've already answered parts a. & b. (see image) please answer parts c. & d.Data Table:Income_($) Credit_Card_Balance_($)48000                       43138000                       119849000                       114860000                         27058000                           6960000                          82436000                        217548000                           10355000                             039000                          112743000                            10738000                            36636000                             77340000                           195742000                             335c.  Calculate the correlation coefficient for these two variables and test to determine whether there is a significant correlation at the α=0.01 level.r= _______ ​(Round to three decimal places as​ needed.) d. (see images) A bank issues credit cards to its customers. A main factor in determining whether a credit card will be profitable to the bank is the average monthly balance that thecustomer will maintain on the card that will be subject to finance charges. Bank analysts wish to determine whether there is a relationship between the average monthlycredit card balance and the income stated on the original credit card application form. The accompanying table contains the sample data that have been collected fromexisting credit card customers. Complete parts a through d below. Use a = 0.01 where needed.Click here to view the data table.O D. The dependent variable is the bank's profit, and the independent variable is the credit card balance.b. Construct a scatter plot for these data and describe what relationship appears to exist between these two variables. Choose the correct graph below.O A.O B.C.D.AlncomeAlncome250065000-2500-65000-0-20,0000+++20,00065,00020000-65.00020000-2,500Credit Card Balance2,500Credit Card BalanceIncomeIncomeThere appears to be a negative relationship between x and y.c. Calculate the correlation coefficient for these two variables and test to determine whether there is a significant correlation at the a=0.01 level.(Round to three decimal places as needed.)Credit C ard BalanceCredit C ard Balance What are the appropriate hypotheses to test for this correlation coefficient?OB. Hg: p#0HA: p=0O A. H p20OC. H p=0H p#0OD. Hgi p<0HAi p20O E. H, p>0H psoOF. Hg ps0HA: p>0Calculate the t-lest statistic for correlation.(Round to three decimal places as needed.)

Accepted Answer

To find: The correlation coefficient for these two variables and test to determine whether there is…