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The accompanying table shows the number of millionaires (in thousands) and the population (in hundreds of thousands) for 10 states. Complete parts a through e.
The accompanying table shows the number of millionaires (in thousands) and the population (in hundreds of thousands) for 10 states. Complete parts a through e. a Click the icon to view the data table. a. Without doing any calculations, predict whether the correlation and slope will be positive or negative. Explain your prediction. The correlation and slope will be positive because states with a larger population will most likely have a larger number of millionaires. b. Make a scatterplot with the population (in hundreds of thousands) on the x-axis and the number 01 millionaires (in thousands) on the y-axis. Choose the correct scatterplot below. 5 a Q e In" Q Q Ill" Q Q El\" Millionalrs M onalrss o 100 200 o 100 20:) o 100 200 Population Population Population ND. 400 200 M onalrss 0 1 00 Population 200 0. Find the numerical value for the oorrelation. The correlation is 0392 . (Round to three decimal places as needed.) d. Find the value of the slope and explain what it means in context. Be careful with the units. The slope is . This slope indicates that for every increase of one hundred thousand in population. the number of millionaires will increase, on average, by thousand. (Round to four decimal places as needed.) Data table auuqamauN-s _a State Millionaires 36 16 23 140 26 209 367 229 20 1 1 Population 35 8 14 64 12 66 192 124 12 Pl
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