Question

You are given the following two series on income and credit scores. Income FICO 39 625...

  1. You are given the following two series on income and credit scores.

Income

FICO

39

625

27

600

57

710

31

595

34

610

50

840

38

726

62

710

43

635

49

560

(A) Find the covariance and the correlation coefficient.

(B) Do credit scores increase, decrease, stay the same, with Income?

(C) Create a scatter plot with Income and credit score. What do you see?

please show All calculations specific in excel or word, thanks

Math   Statistics-And-Probability   
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Homework Answers

Answer #1

A.

Covariance

Correlation

B. Credit score increase very slightly with Increasing income.

C.

fico is increasing almost vertically with increasing income which indicates variables are not linearly related ..

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