See the attached file.
a) Make a scatterplot that shows how behavior responds to brain activity.
b) Describe the overall pattern of the data. There is one clear outlier.
c) Find the correlation r between neural and behavioral loss aversion both with and without the outlier. Does the outlier have a strong influence on the value of r? By looking at your plot, explain why adding the outlier to the other data points causes r to increase.
See attached excel sheet.
A Complete, Neat and Step-by-step Solution is provided in the attached file.