EXERCISE 3Annual IncomeAnnual Sales(RM'0000)(RM million)An economist wants to study a relationship betweenfamily income and food expenditure. The followingtable shows the result of the study based on 8 familiesthat had been chosen randomly2.88123.0092.97a) Name the dependent and independent variablesused in this study.b) By calculating the product moment correlationcoefficient, determine and explain the correlation ofannual income and food expenditure.243.60133.64377.03193.80163.52

(a) Determine the dependent and independent variables from the given study. The dependent and…

Answered: EXERCISE 3 Annual Income (RM'0000)…

Algebra and Trigonometry (MindTap Course List)

4th Edition

ISBN:9781305071742

Author:James Stewart, Lothar Redlin, Saleem Watson

Publisher:James Stewart, Lothar Redlin, Saleem Watson

Chapter1: Equations And Graphs

Section1.FOM: Focus On Modeling: Fitting Lines To Data

Problem 11P

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