Determine correlation coefficient for given data


Health insurance administrative costs are the concern for many companies which supply the insurance for their employees. The information below is information collected recently. Let x be the average number of employees in a group health insurance plan and y be average administrative cost as the percentage of claims. Find out the sample correlation coefficient.

x

4

14

20

47

70

y

43

42

34

18

18

A. -0.914

B.  -0.942

C. 0.887

D. 0.942

E.   -0.887

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Basic Statistics: Determine correlation coefficient for given data
Reference No:- TGS018425

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