An Analyst For An Insurance Business Wishes To Determine The Strength Of The Relationship Between The Amount Of Life Ins 1 (86.97 KiB) Viewed 164 times
An analyst for an insurance business wishes to determine the strength of the relationship between the amount of life insurance held by families with the following results: Income per annum (R1 000) (x) Life insurance (R 1000) (y) 195 87 237 105 210 99 147 75 135 60 150 93 270 165 300 150 225 96 120 54 270 135 75 45
1.1. Draw a scatter diagram for the data above. 1.2. Calculate the correlation of coefficient (r). 1.3. Describe the relationship between the income per annum and the life insurance.
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