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The data for per capita state debt and per capita state tax are presented as follows: Per capita debt 1924 907 1235 1608 661 720
The data for per capita state debt and per capita state tax are presented as follows: Per capita debt 1924 907 1235 1608 661 720 840 1235 1375 1516 Per capita tax 1685 1838 1734 1810 1317 1480 1656 1712 1810 1956 a) Which of the two variables is the independent variable? (1 mark) b) Which is the dependent variable? (1 mark) c) What type of variable is the independent variable? (2 marks) d) What type of variable is the dependent variable? (2 marks) e) Calculate the correlation coefficient 'r' for these values. (4 marks) f) Comment of the relationship that exist. (2 mark) g) Develop the regression equation for the sample. (5 marks) h) Predict the per capita tax for per capita debt of 2100, 3200 and 4600. (6 marks) i) Comment on the results of your predictions. (3 marks) j How important might this information be useful to the Finance Minister
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