Household
the Following Data Was Collected by a Particular Company

question 100

Essay

Household
The following data was collected by a particular company to determine if a relationship exists between the number of people in a household and weekly food expenditures.
$$\begin{array} { | c | c | c } \hline \text { Househald } & \text { Number in Hausehald } & \text { Weakly Fadd Expenses } \\\hline 1 & 2 & \$ 95 \\\hline 2 & 3 & \$ 137 \\\hline 3 & 5 & \$ 165 \\\hline 4 & 2 & \$ 105 \\\hline 5 & 4 & \$ 227 \\\hline 6 & 4 & \$ 240 \\\hline 7 & 5 & \$ 185 \\\hline\end{array}$$
-Calculate the coefficient of correlation and interpret the results.

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Definitions:

Repay the Loan

The act of paying back borrowed money to the lender according to the agreed terms.

Financial Managers

Professionals responsible for the financial health of an organization, overseeing investment strategies, planning, and managing financial reports.

Current Assets

Assets that are expected to be converted into cash, sold, or consumed within one year or within the business's normal operating cycle.

Payables Financing

A form of short-term borrowing where a company finances its accounts payables through a third party.