Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The accompanying data table shows the level of social media networking?(measured as the percent of individuals polled who use social networking?sites) and the GDP at

The accompanying data table shows the level of social media networking?(measured as the percent of individuals polled who use social networking?sites) and the GDP at purchasing power parity?(PPP) per capita for each of 24 selected countries.

a.

Compute the covariance.

b.

Compute the coefficient of correlation.

c.

Based on parts?(a) and?(b), what conclusions can be reached about the relationship between the GDP and social media?use?

LOADING...

Click the icon to view the table of the?countries' GDP and social media usage.

GDP (PPP) Social Media Usage (%)

6,908 86

17,801 87

5,034 86

10,012 84

6,054 84

6,650 81

14,041 84

3,971 80

15,823 77

4,687 77

16,317 79

19,870 72

18,171 72

3,344 71

19,312 74

7,989 75

4,002 72

13,651 72

16,995 68

6,528 69

6,771 67

6,438 66

image text in transcribed
a. The covariance is D. (Round to the nearest integer as needed.) b.r=|:| (Round to three decimal places as needed.) c. Choose the correct answer below. O A. There is a weak positive relationship between a country's GDP and its social media usage. 0 B. There is a strong positive relationship between a country's GDP and its social media usage. 0 C. There is no clear relationship between a countrY's GDP and its social media usage. O D. There is a strong negative relationship between a countrY's GDP and its social media usage

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Finite Math And Applied Calculus

Authors: Stefan Waner, Steven Costenoble

6th Edition

1285415132, 9781285415130

More Books

Students also viewed these Mathematics questions

Question

1. Explain how business strategy affects HR strategy.

Answered: 1 week ago