Question
An economist is studying the link between the total value of a country's exports and that country's gross domestic product, or GDP. The economist recorded
An economist is studying the link between the total value of a country's exports and that country's gross domestic product, or GDP. The economist recorded the GDP and Export value (in millions of $'s)for30
nations for the same fiscal year. This sample data is provided below.
GDP
Exports
225274
214010
297106
205300
1470543
189700
511685
188300
930808
184300
261974
180500
542857
152000
331360
151100
703318
148400
Use Excel to calculate the correlation coefficientr
between the two data sets. Round your answer to two decimal places.
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Birds Higher Engineering Mathematics
Authors: John Bird
9th Edition
1000353036, 9781000353037
