Maurice Tutor

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    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

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    Phoniex University
    Oct-2001 - Nov-2016

Category > Management Posted 03 Oct 2017 My Price 7.00

Literacy Rate

More correlation errors. Students in the Economics class discussed in Exercise 23 also wrote these conclusions. Explain the mistakes they made.

There was a very strong correlation of 1.22 between Life Expectancy and GDP.

b) The correlation between Literacy Rate and GDP was 0.83. This shows that countries wanting to increase their standard of living should invest heavily in education.

Exercise 23:

Correlation errors. Your Economics instructor assigns your class to investigate factors associated with the gross domestic product (GDP) of nations. Each student examines 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 correlation of -077.2 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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Maurice Tutor
(5)
Status NEW Posted 03 Oct 2017 09:10 PM My Price 7.00

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