Data were collected on how much money people make and how much they spend. Afterward, the mean of each variable was subtracted from every observation....
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Data were collected on how much money people make and how much they spend. Afterward, the mean of each variable

was subtracted from every observation. People with a positive value for spending are denoted Big Spenders and are members of the set BS while Small Spenders are members of the set SS. People with a positive value for making money are members of the set BM while people with a negative value for making money are members of the set SM.


a) Draw a Venn diagram representing the sets BS and BM if there is a strong, positive correlation between how much money people make and how much they spend.


b) Draw a Venn diagram representing the sets BS and BM if there is a strong, negative correlation between how much money people make and how much they spend.

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