Worldwide Indicators of Well-Being. The Statistics Online Computational Resource (SOCR) provides resources for statistics students and educators. The following table, sampled from data provided by SOCR, includes 10 countries, along with 3 indicators of their well-being: an indicator of economic dynamism, a measure of literacy, and a health indicator. Use this information for Exercises 72–82.
| Country | Economy | Literacy | Health |
|---|---|---|---|
| Australia | 71.5 | 91.5 | 95.2 |
| Canada | 68.5 | 96.7 | 92.8 |
| Germany | 61.9 | 91.1 | 92.8 |
| India | 50.0 | 66.2 | 51.7 |
| Japan | 69.0 | 94.0 | 100.0 |
| Mexico | 42.0 | 74.7 | 78.3 |
| Pakistan | 41.5 | 66.9 | 49.3 |
| South Korea | 73.0 | 96.7 | 87.9 |
| United Kingdom | 72.9 | 92.8 | 90.3 |
| United States | 77.8 | 89.4 | 85.5 |
wellbeing
73. Calculate and interpret the correlation coefficient for the linear relationship between and .
4.1.73
. This value of is very close to the maximum value . We would therefore say that economy and literacy are positively correlated. As the economy increases, literacy also tends to increase.