(Solution) - In this exercise we will investigate the relationship between GDP -(2025 Original AI-Free Solution)

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Academic Level: Undergrad. (yrs 3-4)

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In this exercise, we will investigate the relationship between GDP per capita and birth rates in South America.

a. Construct a scatterplot for GDP and birth rate. Do you think the scatterplot can be characterized by a linear relationship?
b. Calculate the coefficient of determination and correlation coefficient.
c. Use this information to describe the relationship between the variables.