The following data on fertility rates illustrate seven European countries. The covariance between the mean age at childbearing and the total fertility rate is -0.06. Using this information and the information provided in the table below, calculate the value of Pearson's correlation coefficient.
|
Mean Age at Childbearing
|
Total Fertility Rate
|
Denmark
|
30.29
|
1.83
|
Ireland
|
30.66
|
1.90
|
Greece
|
29.87
|
1.39
|
Spain
|
30.88
|
1.38
|
France
|
29.72
|
2.00
|
Italy
|
30.87
|
1.32
|
Netherlands
|
30.58
|
1.70
|
|
|
|
Mean
|
30.41
|
1.65
|
Standard Deviation
|
.47
|
.28
|
Variance
|
.22
|
.08
|