Coffee is a leading export from several developing countries.When coffee prices are high, farmers often clear forest to plantmore coffee trees. Here are data on prices paid to coffee growersin Indonesia and the rate of deforestation in a national park thatlies in a coffee-producing region for five years: Price(cents perpound) Deforestation (percent) 29 0.49 40 1.59 54 1.69 55 1.82 723.10 (a) Make a scatterplot. What is the explanatory variable? Whatkind of pattern does your plot show? (b) Find the correlation rstep-by-step. That is, find the mean and standard deviation of thetwo variables. Then find the five standardized values for eachvariable and use the formula for r.
Explain how your value for r matches your graph in (a). (c) Nowenter these data into your calculator or Excel and use thecorrelation function to find r. Check that you get the same resultas in (b). PLEASE, GIVE A DETAILED SOLUTION. THANK YOU INADVANCE!
