Correlation errors Your Economics instructor assignsyour class to investigate factors associated with the gross domestic product (GDP) of nations. Each student exam-ines a different factor (such as Life Expectancy, Literacy Rate, etc.) for a few countries and reports to the class.Apparently, some of your classmates do not understandStatistics very well because you know several of theirconclusions are incorrect. Explain the mistakes in theirstatements below.a) “My very low correlation of -0.772 shows that thereis almost no association between GDP and InfantMortality Rate.”b) “There was a correlation of 0.44 between GDP andContinent.”
Correlation errors Your Economics instructor assignsyour class to investigate factors associated with the gross domestic product (GDP) of nations. Each student exam-ines a different factor (such as Life Expectancy, Literacy Rate, etc.) for a few countries and reports to the class.Apparently, some of your classmates do not understandStatistics very well because you know several of theirconclusions are incorrect. Explain the mistakes in theirstatements below.a) “My very low correlation of -0.772 shows that thereis almost no association between GDP and InfantMortality Rate.”b) “There was a correlation of 0.44 between GDP andContinent.”
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
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your class to investigate factors associated with the gross
domestic product (GDP) of nations. Each student exam-
ines a different factor (such as Life Expectancy, Literacy
ines a different factor (such as Life Expectancy, Literacy
Rate, etc.) for a few countries and reports to the class.
Apparently, some of your classmates do not understand
Statistics very well because you know several of their
conclusions are incorrect. Explain the mistakes in their
statements below.
a) “My very low correlation of -0.772 shows that there
is almost no association between GDP and Infant
Mortality Rate.”
b) “There was a correlation of 0.44 between GDP and
Continent.”
Apparently, some of your classmates do not understand
Statistics very well because you know several of their
conclusions are incorrect. Explain the mistakes in their
statements below.
a) “My very low correlation of -0.772 shows that there
is almost no association between GDP and Infant
Mortality Rate.”
b) “There was a correlation of 0.44 between GDP and
Continent.”
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