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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

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?

GDP(PPP) Social Media Usage(%)
6,808 89
17,837 86
5,191 86
10,064 85
5,861 84
6,510 83
14,019 83
3,858 80
15,936 79
4,345 75
16,320 77
19,857 71
18,093 74
3,392 74
19,456 76
7,820 72
3,923 73
13,680 70
16,890 66
6,622 71
6,575 68
6,505 70
13,182 61
11,109 49

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