Is there a relationship between (X) rate of poverty (measured as percent of population below poverty level) and (Y) rates of teen pregnancy (measured per 1,000 females aged 15 to 17)? A researcher selected random states and collected the following data. Compute a Pearson's correlation coefficient and determine whether the correlation is significant.
X Y
10.4 41.7
8.9 38.6
13.3 43.2
6.9 35.7
16.0 46.9
5.2 33.5
14.5 43.3
15.3 44.8
Interpret your findings and explain each step in detail, your choice for selecting each step and how you arrived at your conclusion.