Malaysia budget 2020. A financial officer is analyzing the Malaysian governments budget (in Malaysian Ringgit) for factors
Question:
Malaysia budget 2020. A financial officer is analyzing the Malaysian government’s budget (in Malaysian Ringgit)
for factors such as safety, social, economic, etc. She would like to determine whether the 2020 budget is inferenced by the 2019 budget. She collected her data from Malaysia’s public sector open data portal (www.data.gov.my) and determined the following scatterplot.
a) Does the scatterplot indicate that it’s appropriate to calculate a correlation? Explain.
b) Describe the association between budget in 2019 and budget in 2020.
c) Does this association prove that the more budget for a specific sector in the previous year may influence the increase or decrease in the following year’s Malaysia government budgeting?
Step by Step Answer:
Business Statistics
ISBN: 9781292269313
4th Global Edition
Authors: Norean Sharpe, Richard De Veaux, Paul Velleman