Coffee is a leading export from several developing countries. When coffee prices are high, farmers often...

Coffee is a leading export from several developing countries. When coffee prices are high, farmers often clear forest to plant more coffee trees. Here are data on prices paid to coffee growers in Indonesia and the rate of deforestation in a national park that lies in a coffee-producing region for five years: Price(cents per pound) Deforestation (percent) 29 0.49 40 1.59 54 1.69 55 1.82 72 3.10 (a) Make a scatterplot. What is the explanatory variable? What kind of pattern does your plot show? (b) Find the correlation r step-by-step. That is, find the mean and standard deviation of the two variables. Then find the five standardized values for each variable and use the formula for r.

Explain how your value for r matches your graph in (a). (c) Now enter these data into your calculator or Excel and use the correlation function to find r. Check that you get the same result as in (b). PLEASE, GIVE A DETAILED SOLUTION. THANK YOU IN ADVANCE!

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orchestra answered 1 year ago

Coffee is a leading export from several developing countries. When coffee prices are high, farmers often...

Coffee is a leading export from several developing countries. When coffee prices are high, farmers often clear forest to plant more coffee trees. Here are data on prices paid to coffee growers in Indonesia and the rate of deforestation in a national park that lies in a coffee-producing region for five years: Price(cents per pound) Deforestation (percent) 29 0.49 40 1.59 54 1.69 55 1.82 72 3.10 (a) Make a scatterplot. What is the explanatory variable? What kind of pattern...

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Coffee is a leading export from several developing countries. When coffee prices are high, farmers often...

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Coffee is a leading export from several developing countries. When coffee prices are high, farmers often...

1. Developing countries often argue that their a. export prices and revenues are very stable. b....

Farmers in developing countries are vulnerable to shocks from climate change and in most cases have...

Briefly identify the reasons why developing countries so often use a technology with an excessively high...

why developing countries have high rates of inflation?

Economists often refer to the slow down in population growth that started (in developing countries) as...

Beginning in 2018, The U.S. imposed high tariffs on goods imported from several countries. Answer this...

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Suppose that caviar is a leading export from Sweden - Swedish firms sell it all over...

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