Calculate the correlation coefficient for the linear trend

Reference no: EM1321092

Question: Create a linear trend line model for the freshman applicants data at State University as follows

Year	Freshman App	Annual Tuition
1	6,050	$3,600
2	4,060	$3,600
3	5,200	$4,000
4	4,410	$4,400
5	4,380	$4,500
6	4,160	$5,700
7	3,560	$6,000
8	2,970	$6,000
9	3,280	$7,500
10	3,430	$8,000

Calculate the correlation coefficient for the linear trend line forecast & describe its meaning.

Reference no: EM1321092

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