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Provide a conventional description of the data including

1. Provide a conventional description of the data, including averages and SDs for the two variables, the correlation coefficient, and a scatter diagram.

2. Is the scatter diagram needed for effective description in this case? Why or why not?

3. Is the correlation coefficient an appropriate summary statistic in this case? Explain.

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Microeconomics: Provide a conventional description of the data including

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Microeconomics: Provide a conventional description of the data including

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