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  3. the following information regarding number of years in college and...

Question: the following information regarding number of years in college and...

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  1. The following information regarding number of years in college and normalized income data collected from seven people. Using the available data, determine if there is any correlation between number of years in college and income. (12 points, hint calculate correlation coefficient).

# of Years in College

Income

0

15

1

15

3

20

4

25

4

30

5

32

6

35

2. The table below summarizes the real GDP growth rates and stock market returns in select countries between 1969-2009. Given the data is there a correlation between GDP growth and stock return (hint. use co-variance analysis, 13 points)

GDP Growth

Stock Market Return

Australia

3.1%

0.0%

Norway

3.0%

2.7%

Spain

3.0%

-1.4%

Canada

2.9%

2.5%

US

2.8%

1.6%

Japan

2.8%

1.5%

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