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(b) (5 points) On the space below, plot a histogram for the CC measure that roughly reflects the data shown in the scatter plot. (IMPORTANT:
(b) (5 points) On the space below, plot a histogram for the CC measure that roughly reflects the data shown in the scatter plot. (IMPORTANT: In your histogram, sort the countries into 4 equally sized groups). (c) (5 points) Consider the following claim: "When calculating the correlation coefficient r for the data shown on the plot, that coefficient will be positive and very close to one." (HINT: Remember from class our conceptual discussion of how the correlation coefficient r is constructed. Notice that the dashed straight lines show the mean value of income (vertical line) and the mean CC index (horizontal line).)
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