(Solved): The accompanying data file shows, among other variables, median household income and median house v ...

The accompanying data file shows, among other variables, median household income and median house value for the 50 states. Click here for the Excel Data File a. Calculate the range of household income and house value. b. Calculate the mean absolute deviation (MAD) and the standard deviation of household income and house value. Note: Round final answers to 2 decimal places. c-1. Calculate the correlation coefficient between household income and house value. Note: Round final answer to 3 decimal places. Correlation coefficient c-2. Interpret the correlation coefficient between household income and house value. Strong negative linear relationship between the household income and household value. Strong positive linear relationship between the household income and household value. Positive linear relationship between the household income and household value. Negative linear relationship between the household income and household value.