Economic growth, revisited. The U.S. Bureau of Economic Analysis provides information on the GDP in the United
Question:
Economic growth, revisited. The U.S. Bureau of Economic Analysis provides information on the GDP in the United States by metropolitan area (www.bea.gov). The Bureau recently released figures that showed the percent change in real GDP by metropolitan area for 2004€“2005.
Using the data in the following table, examine if there is independence of the growth in metropolitan GDP and region of the country. (Alaska and Hawaii are part of the West Region. Some of the metropolitan areas may have been combined for this analysis.)
Percent Change in Real GDP by Metropolitan Area, 2004€“2005
GDP Growth Top Two Quintiles (top 40%) Bottom Three Quintiles (bottom 60%) Total West (Far West 108 Southwest, and Rodoy Mtn.) Midwest (Great 87 Lakes and Plains States) Southeast Northeast 58 36 (Mideast and New England States) Total 121 227 348 Highest Quntile Second Quinte Fourth Quintle Nar-Metropoltan □ Third kindle 口Lowest Qurtle Aress US Bureau of Economic Analysis
Step by Step Answer:
We will use a chisquare test of independence to see if the percent change ...View the full answer
Business Statistics
ISBN: 9780321925831
3rd Edition
Authors: Norean Sharpe, Richard Veaux, Paul Velleman
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