Description
- Draw the scatterplot using the data above and add the fitting line and the linear equation.
- Find the correlation coefficient. Is it significant?
- Provide the descriptive statistics table
- Provide the inferential statistics table where your dependent variable is Consumer Price Index (CPI) and your independent variable is Gross Domestic Product (GDP)
- Does the GDP have an impact on CPI? define your Null Hypothesis (Ho) and write your conclusion
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Explanation & Answer
Please find attached both the word and excel file. Much of the work is in the excel file. The word document has answered the questions.
Data Analysis
Scatterplot
Scatterplot
140
120
y = 0.0068x - 7.9219
CPI
100
80...