Sample correlation between revenue and expenditure

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Reference no: EM13965212

The following data represent 15 randomly selected state ?nances: revenue and expenditures (in millions of dollars) for the ?scal year 1997 (source: The World Almanac and Book of Facts 2000).

Revenue:

9,439

26,538

8,845

5,537

14,520

6,494

24,028

2,818

39,038

49,318

5,215

4,229

20,128

7,724

7,467

Expenditure:

5,722

25,791

7,685

4,808

13,862

5,130

21,975

2,426

35,302

39,296

4,441

4,002

16,200

6,818

7,145

(a) Draw a scatterplot.

(b) Find the sample correlation between revenue and expenditure.

(c) Draw a QQ plot.

(d) Interpret (a), (b), and (c).

Reference no: EM13965212

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