Question

The following table gives the index numbers of industrial
Example 9.12
production in a country and the number of registered unemployed persons in the
sume country during the eight consecutive years. Calculate the coefficient of
correlation and comment on the result.
Year
1954
1955
1956
1958
1957
1959
1960 1961
100
102
103
105
106
104
103
98
Index of industrial
production
No.of registered
unemployed
(in thousands)
10.5
11.4
13.0
11.5
12.0
12.5
15.6 20.8
[I.C.W.A., July ’64; C.U., B.A. (Econ)' 65)​

Answer 1

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