Unemployed
the Data Below Are for the Number of Unemployed

question 110

Short Answer

Unemployed
The data below are for the number of unemployed persons (in millions)and the federal unemployment insurance payments (in billions of dollars)for the years 1978 - 1985.Some economists state that these two variables are positively related.
$\begin{array}{|l|l|l|l|l|l|l|l|l}\hline \text { Year } & \mathbf{1 9 7 8} & \mathbf{1 9 7 9} & \mathbf{1 9 8 0} & \mathbf{1 9 8 1} & \mathbf{1 9 8 2} & \mathbf{1 9 8 3} & \mathbf{1 9 8 4} & \mathbf{1 9 8 5} \\\hline \text { Federal Unemployment Insurance Payments } & 11.8 & 10.7 & 18.0 & 19.7 & 23.7 & 31.5 & 18.4 & 16.8 \\\hline \text { Number of Unemployed Persons } & 6.2 & 6.1 & 7.6 & 8.3 & 10.7 & 10.7 & 8.5 & 8.3\end{array}$

-Calculate the coefficient of correlation
r = ____________________

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Definitions:

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