Correlation errors. Your Economics instructor assignsyour
Chapter 7, Problem 23(choose chapter or problem)
Correlation errors. Your Economics instructor assignsyour class to investigate factors associated with the grossdomestic product (GDP) of nations. Each student exam-ines a different factor (such as Life Expectancy, LiteracyRate, 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 shows that thereis almost no association between GDP and InfantMortality Rate.b) There was a correlation of 0.44 between GDP andContinent.
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