Let x be the average number of employees in a group health insurance plan, and let y be the average administrative cost as a percentage of claims. х 3 15 40 74 40 35 30 28 17 (a) Make a scatter...


Let x be the average number of employees in a group health insurance plan, and let y be the average administrative cost as a percentage of claims.<br>х<br>3<br>15<br>40<br>74<br>40<br>35<br>30<br>28<br>17<br>(a) Make a scatter diagram of the data and visualize the line you think best fits the data.<br>Graph Layers<br>ClearAll<br>38<br>36<br>• Point 1<br>34<br>32<br>• Point 2<br>30<br>Fill<br>28<br>26<br>• Point 3<br>24<br>22<br>• Point 4<br>20<br>18<br>• Point 5<br>16<br>No<br>Solution<br>44<br>42<br>40<br>O Help<br>10<br>15<br>20<br>25<br>30<br>35<br>40<br>45<br>50<br>55<br>60<br>65 70 75 80<br>WebAssign. Graphing Tool<br>+ Submission Data<br>

Extracted text: Let x be the average number of employees in a group health insurance plan, and let y be the average administrative cost as a percentage of claims. х 3 15 40 74 40 35 30 28 17 (a) Make a scatter diagram of the data and visualize the line you think best fits the data. Graph Layers ClearAll 38 36 • Point 1 34 32 • Point 2 30 Fill 28 26 • Point 3 24 22 • Point 4 20 18 • Point 5 16 No Solution 44 42 40 O Help 10 15 20 25 30 35 40 45 50 55 60 65 70 75 80 WebAssign. Graphing Tool + Submission Data
(b) Would you say the correlation is low, moderate, or strong? positive or negative?<br>O moderate and negative<br>O strong and negative<br>O strong and positive<br>O moderate and positive<br>O low and negative<br>O low and positive<br>(c) Use a calculator to verify that Ex = 139, Ex? = 7359, Ey = 150, Ey2 = 4798, and Exy = 3193. Compute r. (Round your answer to three decimal places.)<br>As x increases, does the value of r imply that y should tend to increase or decrease? Explain.<br>O Given our value of r, y should tend to increase as x increases.<br>O Given our value of r, y should tend to decrease as x increases.<br>O Given our value of r, we cannot draw any conclusions for the behavior of y as x increases.<br>O Given our value of r, y should tend to remain constant as x increases.<br>

Extracted text: (b) Would you say the correlation is low, moderate, or strong? positive or negative? O moderate and negative O strong and negative O strong and positive O moderate and positive O low and negative O low and positive (c) Use a calculator to verify that Ex = 139, Ex? = 7359, Ey = 150, Ey2 = 4798, and Exy = 3193. Compute r. (Round your answer to three decimal places.) As x increases, does the value of r imply that y should tend to increase or decrease? Explain. O Given our value of r, y should tend to increase as x increases. O Given our value of r, y should tend to decrease as x increases. O Given our value of r, we cannot draw any conclusions for the behavior of y as x increases. O Given our value of r, y should tend to remain constant as x increases.

Jun 09, 2022
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