a. What is the data gener

a. What is the data gener

a. What is the data generating process? What are the units of measure of the two variables?b. Generate two histograms, one of income and another for food expenditures.Also, present a well designed table of descriptive statistics to accompany each histogram.Describe concisely in words the distributions of income and food expenditure.c. Generate an x-y scatterplot with income on the horizontal axis and foodexpenditure on the vertical axis. Report the correlation between the two variables. Doesthis graph give a visual depiction of Engel’s law?d. Generate an x-y scatterplot with income on the horizontal axis and percentage ofincome spent on food expenditure on the vertical axis. Report the correlation between thetwo variables. . Does this graph give a visual depiction of Engel’s law?

%d bloggers like this: