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Let x be the average number of employees in a group health insurance plan, and let...

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Statistics

Let x be the average number of employees in a group healthinsurance plan, and let y be the average administrative cost as apercentage of claims. Suppose a random sample of employees gave thefollowing information. x 2 8 14 32 73 y 50 45 35 28 16 Given thatthe value of r is -0.949, should y increase as x increases, doesthe value of r imply that y should tend to increase, decrease, orremain the same? Explain.

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