The Organization for Economic Cooperation and Development (OECD) is a loose affiliation of 30 nations. The data in this scatterplot show the percentage of disposable income for a single citizen that remains after paying taxes versus the top personal income tax rate (also a percentage). (a) Describe the association in the scatterplot.(b) Does the association have the direction that you€™d

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The Organization for Economic Cooperation and Development (OECD) is a loose affiliation of 30 nations. The data in this scatterplot show the percentage of disposable income for a single citizen that remains after paying taxes versus the top personal income tax rate (also a percentage).
The Organization for Economic Cooperation and Development (OECD) is a

(a) Describe the association in the scatterplot.
(b) Does the association have the direction that you€™d expect?
(c) Estimate the correlation between the two variables.
(d) The data for which country appears most un-usual relative to the others? How does the correlation change if this country is set aside and excluded from the calculation? (It may help to think about the line associated with the correlation.)

Related Book For answer-question

Statistics For Business Decision Making And Analysis

2nd Edition

Authors: Robert Stine, Dean Foster

ISBN: 9780321890269