correlation coefficient question
correlation coefficient question
12.4. The following data are the claims (in $ millions) for BlueCross BlueShield benefits for nine states, along with the surplus (in $ millions) that the company had in assets in those states.
|
STATE |
CLAIMS |
SURPLUS |
|
Alabama |
$1,425 |
$277 |
|
Colorado |
273 |
100 |
|
Florida |
915 |
120 |
|
Illinois |
1,687 |
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.
