An economist reported that the correlation between the

Last updated: 9/16/2023

An economist reported that the correlation between the monthly income of a family of 4 and the monthly food expenditure for middle class families is 0 81 Which of the statements below correctly interprets the correlation coefficient Monthly income and monthly food expenditure have a strong positive correlation As monthly incomes increase food expenditures are also increasing Monthly income and monthly food expenditure have a no correlation As monthly incomes increase food expenditures stay the same Monthly income and monthly food expenditure have a strong negative correlation As monthly incomes increase food expenditures are decreasing Monthly income and monthly food expenditure have a strong positive correlation As monthly incomes increase food expenditures are decreasing