Which of the following statements accurately One statistic used to measure a country's wealth is its gross domestic product (GDP). A higher GDP indicates greater wealth in the country. A researcher compared the GDP per person for 12 countries with the life expectancy of that country. The data for the 12 countries are shown in the scatterplot. The value of r describes the relationship shown in the scatterplot? O There is little relationship between GDP and life expectancy. O Countries with lower GDPS tend to have higher life for the scatterplot is 0.608. expectancies. O Countries with higher GDPS tend to have lower life expectancies. Country Wealth O Countries with higher GDPS tend to have higher life expectancies. 90 ncy (Years)
Correlation
Correlation defines a relationship between two independent variables. It tells the degree to which variables move in relation to each other. When two sets of data are related to each other, there is a correlation between them.
Linear Correlation
A correlation is used to determine the relationships between numerical and categorical variables. In other words, it is an indicator of how things are connected to one another. The correlation analysis is the study of how variables are related.
Regression Analysis
Regression analysis is a statistical method in which it estimates the relationship between a dependent variable and one or more independent variable. In simple terms dependent variable is called as outcome variable and independent variable is called as predictors. Regression analysis is one of the methods to find the trends in data. The independent variable used in Regression analysis is named Predictor variable. It offers data of an associated dependent variable regarding a particular outcome.
Trending now
This is a popular solution!
Step by step
Solved in 2 steps