Question

Coffee is a leading export from several developing countries. When coffee prices are high, farmers often clear forest to plant more coffee trees. Here are five years' data on prices paid to coffee growers in Indonesia Price ($US per pound) 0.28 0.32 0.58 0.52 0.68 Forest lost (percent) 0.72 1.37 1.87 1.68 2.95 What is the correlation (± 0.01) between the price of coffee and the forest loss in US dollars? What is the correlation (± 0.01) between the price of coffee and the forest loss in euros, if the exchange rate is 1 euros per US dollar ?

Answer 1

please like if it helps me

Thank you so much