Question
Tiffany Dolsing, a market analyst at the market research firm of Sanders & Sons, is analyzing household budget data collected by her firm. Tiffany's dependent
Tiffany Dolsing, a market analyst at the market research firm of Sanders & Sons, is analyzing household budget data collected by her firm. Tiffany's dependent variable is monthly household expenditures on groceries (in $'s), and her independent variable is annual household income (in $1,000's). Regression analysis of the data yielded the following tables.
Coefficients | Standard Error | t Statistic | p-value | |
Intercept | 39.14942 | 22.30182 | 1.755436 | 0.109712 |
x | -1.792312 | 0.407507 | 4.398234 | 0.001339 |
Source | df | SS | MS | F | s.e. = 29.51443 | |
Regression | 1 | 16850.99 | 16850.99 | 19.34446 | r2 = 0.682478 | |
Residual | 9 | 7839.915 | 871.1017 | |||
Total | 10 | 24690.91 |
The correlation coefficient between the two variables in this regression is __________.
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