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.
Definitions:
IUPAC Name
The standard naming convention for chemical compounds, as defined by the International Union of Pure and Applied Chemistry.
β-methoxybutyraldehyde
An organic compound, specifically an aldehyde with a methoxy group in the beta position relative to the aldehyde function.
Methoxy
A functional group characterized by the presence of an oxygen atom bonded to a methyl group (-OCH3).
IUPAC Name
The systematic and standardized name of a chemical compound, as designated by the International Union of Pure and Applied Chemistry.
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