Question: Based on the scatterplot, can you find any relation between the two variables? (Explain). What kind of problem do you observe in the relation between
- Based on the scatterplot, can you find any relation between the two variables? (Explain).
- What kind of problem do you observe in the relation between the two variables, based on the scatterplot? (Explain).
- Calculate the correlation between remittances and savings for the whole sample. Then, calculate the correlation between the two variables, but this time use only the positive values of savings. Based on the correlations that you calculated, what can you tell about the two variables' relation?


\fUSSaving Remittances USIncome hhsize age Edu sex mstatus Dum_Saving Mean 19.891 1105.236 306.910 3.739 49.673 2.327 0.506 0.578 0.058 Standard Error 3.384 47.357 8.533 0.043 0.412 0.025 0.011 0.011 0.005 Median 443.525 212.121 4 48 2 - - 0 O O Mode 295.683 303.030 4 40 2 0 Standard Devia 148.816 2082.632 375.247 1.901 18.099 1.073 0.500 0.494 0.234 Sample Variana 22146.097 4337355.891 140810.632 3.612 327.576 1.151 0.250 0.244 0.055 Kurtosis 219.754 66.509 52.068 0.909 -0.904 0.486 -2.001 -1.903 12.364 Skewness 13.035 6.534 5.830 0.806 0.246 -0.356 -0.025 -0.314 3.788 Range 3405.606 35364.086 5451.515 12 83 5 - - - Minimum 0 5.914 3.030 1 14 0 0 0 0 Maximum 3405.606 35370 5454.545 13 97 5 - Sum 38469.151 2137526.89 593564.320 7232 96068 4456 979 1117 112 Count 1934 1934 1934 1934 1934 1915 1934 1934 1934
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