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The general manager of a Totalisator Agency Board (TAB) wants to investigate whether there is a...

The general manager of a Totalisator Agency Board (TAB) wants to investigate whether there is a relationship between the number of people who attend a race meeting and the amount of money that people place on bets at the TAB. This information is recorded for 10 race meeting as below:

Attendance (‘000) Amount invested ($’000)

15 250

12 146

20 375

16 200

25 280

9 125

18 310

21 350

14 190

20 304

Calculate the value of the correlation coefficient, r. (0.8212)

Math Statistics-And-Probability

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