Question
1.A research was carried out to study the relationship between inflation rate and unemployment rate. The data were summarized in the table below: Inflation Rate
1.A research was carried out to study the relationship between inflation rate and unemployment rate. The data were summarized in the table below:
Inflation Rate | Unemployment Rate |
4.5 | 9.5 |
2.3 | 4.5 |
3.6 | 6.7 |
6.6 | 10.2 |
0.8 | 2.6 |
1.7 | 3.2 |
2.7 | 5.2 |
State the independent variable.
2.A research was carried out to study the relationship between inflation rate and unemployment rate.The data were summarized in thetable below:
Inflation Rate | Unemployment Rate |
4.5 | 9.5 |
2.3 | 4.5 |
3.6 | 6.7 |
6.6 | 10.2 |
0.8 | 2.6 |
1.7 | 3.2 |
2.7 | 5.2 |
Calculate the coefficient of correlation (r-value) and explain its meaning.
3.A research was carried out to study the relationship between inflation rate and unemployment rate.The data were summarized in thetable below:
Inflation Rate | Unemployment Rate |
4.5 | 9.5 |
2.3 | 4.5 |
3.6 | 6.7 |
6.6 | 10.2 |
0.8 | 2.6 |
1.7 | 3.2 |
2.7 | 5.2 |
Construct a simple linear regression equation of the two variable.
4.A research was carried out to study the relationship between inflation rate and unemployment rate.The data were summarized in thetable below:
Inflation Rate | Unemployment Rate |
4.5 | 9.5 |
2.3 | 4.5 |
3.6 | 6.7 |
6.6 | 10.2 |
0.8 | 2.6 |
1.7 | 3.2 |
2.7 | 5.2 |
Estimate the unemployment rate for an inflation rate of 7.0.
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