More correlation errors Students in the Economics class discussed in Exercise 31 also wrote these conclusions. Explain the mistakes they made. a) “There was a very strong correlation of 1.22 between...

More correlation errors Students in the Economics class discussed in Exercise 31 also wrote these conclusions. Explain the mistakes they made.

a) “There was a very strong correlation of 1.22 between Life Expectancy and GDP.”

b) “The correlation between Literacy Rate and GDP was 0.83. This shows that countries wanting to increase their standard of living should invest heavily in education.”