Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Examine the following scatterplot (with linear trendline) of Per Capita GDP and Life Expectancy for South American countries in 2018: Per Capita GDP and Life

image text in transcribed
image text in transcribed
image text in transcribed
Examine the following scatterplot (with linear trendline) of Per Capita GDP and Life Expectancy for South American countries in 2018: Per Capita GDP and Life Expectancy South American Countries, 2018 81 30 79 78 77 Life Expectancy at Birth in Years 76 75 74 73 72 71 70 0 25000 5000 10000 15000 20000 Per Capita GDP in 2011 International Dollars Data Source: Our World in Data, 2021. Life Expectancy vs. GDP Per Capita, 2018. https://ourworldindata.org/grapher/life-expectancy-vs-edp-per-capita 13) Using a few sentences, fully explain how this scatterplot would have been constructed on the basis of the statistics shown in the table-in other words, what steps were involved in taking this table of statistics to produce this scatterplot?: 4 Marks 14a) Which one of the following best identifies the association between per capita GDP and life expectancy for these S. American countries, as shown in the scattterplot? a) positive correlation b) negative correlation c) no correlation 1 Mark 14b) My answer in Q14a means (provide a short explanation, in terms of the two variables shown in the scatterplot): 3 Marks 15) Somebody has calculated a correlation coefficient ('') of 1.00 for these variables. In the space below, explain (using sentences for direction, and the appropriate calculation for strength) what this correlation coefficient means in terms of the relationship between the variables. 4 Marks 16) Using a few sentences, provide your assessment of how the correlation coefficient in Q15 does/does not match the relationship between these variables as shown on the scatterplot. 4 Marks

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Horngrens Financial And Managerial Accounting The Financial Chapters

Authors: Tracie L. Miller Nobles, Brenda L. Mattison, Ella Mae Matsumura

6th Edition

978-0134486840, 134486838, 134486854, 134486846, 9780134486833, 978-0134486857

Students also viewed these Accounting questions