9.49. Refer to the previous exercise. In view of these assumptions, indicate why such a model would...
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9.49. Refer to the previous exercise. In view of these assumptions, indicate why such a model would or would not be good in the following situations.
(a) x = time, y = percentage unemployed workers in the United States. (Hint: Does this continually tend to increase or decrease?)
(b) x = income, y = charitable contributions within the previous year. (Hint: Would poor people show as much variation as wealthy people?)
(c) x = age, y = annual medical expenses.
(Hint: Suppose expenses tend to be relatively high for the newborn and for the elderly.)
(d) x = per capita income, y = life expectancy, for nations. (Hint: The increasing trend eventually levels off.)
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Related Book For
Statistical Methods For The Social Sciences
ISBN: 9781292021669
4th Edition
Authors: Barbara Finlay, Alan Agresti
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