Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Government funding: The following table presents the budget (in millions of dollars) for selected organizations that received U.5. government funding for arts and culture in
Government funding: The following table presents the budget (in millions of dollars) for selected organizations that received U.5. government funding for arts and culture in both 2006 and 2012. Use the TI-84 Plus calculator to answer the following. Organization 2006 2012 National Endowment for the Humanities 247 232 National Endowment for the Arts 124 146 National Gallery of Art 95 128 Kennedy Center for the Performing Arts 18 23 Advisory Council on Historic Preservation 2 Send data to Excel Part 1 of 4 (a) Construct a scatterplot of the funding in 2012 (y) versus the funding in 2006 (x). 250- X 5 200- ing (millions of dollars) 150-2006 Funding (millions of dollars) Part 2 of 4 (b) Compute the correlation coefficient between the funding in 2006 and the funding in 2012. Round the answer to at least three decimal places. The correlation coefficient is 7 = 0.982 X Part 3 of 4 (c) For an organization whose funding in 2006 was above the average, would you expect their funding in 2012 to be above or below average? Explain. I would expect the funding in 2012 to be above average since / is positive X 5 Part: 3 / 4 Part 4 of 4 (d) Which of the following is the best interpretation of the correlation coefficient? O If we increase the funding for an organization in 2006, this will cause the funding in 2012 to increase. 5 If we increase the funding for an organization in 2012, this will cause the funding in 2006 to increase. Some organizations get more funding than others, and those that are more highly funded in 2006 were generally more highly funded in 2012 as well
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started