Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Compute the Per capita GDP, which can be obtained by dividing the GDP for each state by that state's population. This number helps economists compare

image text in transcribedimage text in transcribedimage text in transcribedimage text in transcribed
Compute the "Per capita GDP", which can be obtained by dividing the GDP for each state by that state's population. This number helps economists compare the economic activity between regions that have different population sizes. (Round your answers to nearest dollar.) State Per capita GDP State Per capita GDP Alabama $0 X Montana $ 44418 Alaska $ 73704 Nebraska $ 59300 Arizona $ 43345 Nevada $ 48805 Arkansas $ 41208 New Hampshire $ 53849 California $ 61957 New Jersey $ 64056 Colorado $ 58301 New Mexico $ 43573 Connecticut $ 72255 New York $ 72997 Delaware $ 70025 North Carolina $ 50243 Florida $ 43857 North Dakota $ 71266 Georgia $ 48711 Ohio $ 51061 Hawaii $ 55713 Oklahoma $ 46441 Idaho $ 39436 Oregon $ 56319 Illinois $ 59428 Pennsylvania $ 52977 Indiana $ 49336 Rhode Island $ 53307 Iowa $ 53882 South Carolina $ 40302 Kansas $ 50235 South Dakota $ 52822Kentucky $ 43589 Tennessee $ 46576 Louisiana $ 54205 Texas $ 60247 Maine $ 41423 Utah $ 49261 Maryland $ 60076 Vermont $ 47510 Massachusetts $ 69892 Virginia $ 56952 Michigan $ 46606 Washington $ 62496 Minnesota $ 60284 West Virginia $ 38504 Mississippi $ 35683 Wisconsin $ 51474 Missouri $ 47247 Wyoming $ 68683 Compute the GDP (in millions of dollars) of all 50 states of the United States by taking the sum of the GDPs for all of the states. $ 17674477 million Filter the list of states to a list of states that have more than 500,000 million US dollars. (Select all that apply.) Alabama Montana OAlaska ONebraska OArizona ONevada OArkansas ONew Hampshire California New Jersey Colorado ONew Mexico OConnecticut New York ODelaware North Carolina Florida ONorth Dakota Georgia ohio OHawaii Ooklahoma OIdaho Doregon Illinois Pennsylvania OIndiana ORhode Island OIowa South Carolina OKansas OSouth DakotaUse your software to compute the count of states with more than 500,000 US dollars. states Calculate the average GDP (in millions of dollars) by taking your answer for the GDP of all 50 states of the United States and dividing by 50 (the number of states). $ 353489.54 million Find the difference between each state's GDP and the average GDP you calculated by subtracting the average GDP from each state's GDP. (Round your answers to the nearest integer.) Difference Difference State State (in millions of dollars) (in millions of dollars) Alabama 310853 Montana Enter a number. Alaska Nebraska Arizona Nevada Arkansas New Hampshire California New Jersey Colorado New Mexico Connecticut New York Delaware North Carolina Florida North Dakota Georgia Ohio Hawaii Oklahoma Idaho Oregon Illinois PennsIndiana Rhode Island Iowa South Carolina Kansas South Dakota Kentucky Tennessee Louisiana Texas Maine Utah Maryland Vermont Massachusetts Virginia Michigan Washington Minnesota West Virginia Mississippi Wisconsin Missouri Wyoming How many states have GDP's that are above the average GDP? 15 Your employer wants you to randomly select 10 of the states in order to test a marketing campaign for a new product. You will use your software to draw a random sample from the list of GDPs in the data file. Use ONE of the following two methods. (a) Create a random sample step-by-step. (i) Number all of the rows in the data file sequentially. "ii) Use your software to select 10 random numbers from the numbers assigned to the rows. (iii) Create the sample by choosing the rows from the data file with the numbers you randomly selected

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Negative Binomial Regression

Authors: Joseph M Hilbe

2nd Edition

1139005960, 9781139005968

More Books

Students also viewed these Mathematics questions

Question

An improvement in the exchange of information in negotiations.

Answered: 1 week ago