Game Show Winnings & Education

question 92

Essay

Game Show Winnings & Education
An ardent fan of television game shows has observed that,in general,the more educated the contestant,the less money he or she wins.To test her belief she gathers data about the last eight winners of her favorite game show.She records their winnings in dollars and the number of years of education.The results are as follows. ​ ​
-{Game Show Winnings & Education Narrative} Conduct a test of the population coefficient of correlation to determine at the 5% significance level whether a negative linear relationship exists between years of education and TV game shows' winnings.

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Definitions:

Presidential Cabinet

A body of advisors to the President of the United States, composed of the heads of the executive departments.

Political Divisions

Refers to the differences in political opinions that exist within a society, often leading to varying political parties and ideologies.

Alexander Hamilton

A Founding Father of the United States known for being an influential interpreter and promoter of the U.S. Constitution, as well as the founder of the nation's financial system.

Financial Plan

A comprehensive evaluation of an individual's current and future financial state by using currently known variables to predict future cash flows, asset values, and withdrawal plans.