Use the data given in question 70 and the MINITAB program to find the correlation coefficient between unemployment in the United States and in New Jersey for 1980–1989.

Question 70

You are given the following information on unemployment in the United States and in New Jersey (data from New Jersey Economic Indicators, March 1990):

Number unemployed (in thousands)

If you are interested in the relationship between unemployment in the United States and in New Jersey, which unemployment figure should be your independent variable? Use the MINITAB program to estimate a model showing the relationship between unemployment in the United States and in New Jersey.

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Year 1970 1971 1972 1973 1974 1975 1976 1977 1978 1979 1980 1981 1982 1983 1984 1985 1986 1987 1988 1989 United States 4,093 5,016 4,882 4,365 5,156 7,929 7,406 6,991 6,202 6,137 7,637 8,273 10,678 10,717 8,539 8,312 8,237 7,425 6,701 6,528 New Jersey 138 172 182 180 204 334 346 317 248 247 260 263 326 288 236 217 197 160 151 163