Answered step by step
Verified Expert Solution
Question
1 Approved Answer
The following data are the claims (in $ millions) for BlueCross BlueShield benefits for nine US states, along with the surplus (in $ millions) that
The following data are the claims (in $ millions) for BlueCross BlueShield benefits for nine US states, along with the surplus (in $ millions) that the company had in assets in those states.
State Claims ($) Surplus ($)
Alabama 1425 277
Colorado 273 100
Florida 915 120
Illinois 1687 259
Maine 234 40
Montana 142 25
North Dakota 259 57
Oklahoma 258 31
Texas 894 141
Use the data to compute a correlation coefficient, r, to determine the correlation between claims and surplus.
Round the answer to 3 decimal places.
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