Consider the Following Data on Income and Savings of a Sample

question 9

Essay

Consider the following data on income and savings of a sample of residents in a locality:

a. Compute the correlation coefficient. Is there a positive correlation between the income and savings? What is your interpretation?
b. Show a scatter diagram of the relationship between the income and savings.

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Definitions:

Stimulating

Enhancing alertness, interest, or activity through input or action.

Bowlby's Phases

Bowlby's Phases refer to the developmental stages of attachment in children that John Bowlby identified, including initial pre-attachment, attachment in the making, clear-cut attachment, and formation of reciprocal relationships.

Attachment

A deep and enduring emotional bond that connects one person to another across time and space, often discussed in the context of caregiver-child relationships.

Pre-Attachment

The initial stage in an infant’s development of attachment, characterized by indiscriminate sociability and the formation of initial bonds with caregivers.