Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

fLesotho 1064.828322 123.4244882 Congo, Rep. 3205.457783 130.7115635 Djibouti 1683.429923 137.3641429 Egypt, Arab Rep. 3104.219707 151.2641386 Nicaragua 1824.988076 154.6086212 Turkmenistan 7826.773607 157.5401463 Armenia 3716.828923 158.6215569 Cabo

image text in transcribedimage text in transcribedimage text in transcribedimage text in transcribedimage text in transcribedimage text in transcribedimage text in transcribedimage text in transcribedimage text in transcribedimage text in transcribed
image text in transcribedimage text in transcribedimage text in transcribedimage text in transcribedimage text in transcribedimage text in transcribedimage text in transcribedimage text in transcribedimage text in transcribedimage text in transcribed
\fLesotho 1064.828322 123.4244882 Congo, Rep. 3205.457783 130.7115635 Djibouti 1683.429923 137.3641429 Egypt, Arab Rep. 3104.219707 151.2641386 Nicaragua 1824.988076 154.6086212 Turkmenistan 7826.773607 157.5401463 Armenia 3716.828923 158.6215569 Cabo Verde 3623.22243 164.6873127 Kiribati 1556.525787 166.3223792 Bolivia 2948.032918 173.9238388 Fiji 4765.658997 188.879045 Morocco 3156.17515 189.2031878 Honduras 2356.516704 196.4436278 Tonga 4117.341436 203.8741578 Guatemala 3432.022106 222.4509871 Albania 4411.258241 239.5770924 Mongolia 4387.707056 243.7591211 Guyana 3918.40629 250.0119286 Swaziland 3648.074903 256.1141736 Belize 4719.137955 262.4178502 Moldova 2243.979662 263.262983 Thailand 6229.172886 264.3462976 El Salvador 3998.739499 265.7710897 Angola 5900.52957 267.2242988 Samoa 4179.597681 270.7399126 Jamaica 5226.090903 304.6260753 Iraq 6882.406872 305.3529361 Tunisia 4309.991625 308.5648468 Macedonia, FYR 5195.283488 312.3879955 Ukraine 4029.715504 312.6862556 Algeria 5491.614414 313.5202115 Dominican Republic 5968.669476 314.5126078 Small states 5924.836131 328.850017 Jordan 5200.285397 335.7851655 St. Vincent and the Grenadines 6591.56649 344.9656111 Georgia 3596.90832 349.9031357 Peru 6603.809596 354.2768812 China 6991.853866 366.8630274 Paraguay 4497.435166 394.9596666 Botswana 6882.258373 397.3182644 Micronesia, Fed. Sts. 3044.077373 407.4297621 Dominica 7036.548388 417.2184202 Namibia 5435.48932 422.5836885 Malaysia 10973.65594 423.4301212 Ecuador 6051.611129 431.0726731 Iran, Islamic Rep. 6631.29827 432.2817846 Libya 10454.79255 432.8442303 Azerbaijan 7811.621418 436.0227778 Gabon 10658.77273 441.3910658 Suriname 9618.350531 444.7068083 Bosnia and Herzegovina 4666.219586 448.7593504 Montenegro 7186.429787 461.2600429 Mauritius 9479.86959 462.5430604 Belarus 7722.123351 462.8784385 Serbia 6353.826383 474.7668918 Grenada 7956.141831 499.241073Question 3 1 pts You will run a regression with 2013 per capita GDP and 2013 per capita health care spending. It seems plausible that in countries where people have greater income they also spend more on health care. You will use per capita GDP as the independent or explanatory variable in your regression and health care spending will be the dependent variable. Warning: I have seen students in the past mix up the dependent and independent variables and this leads to a bunch of wrong answers. Please be careful and remember that the "Y" variable is the dependent variable and that the "X" variable is the independent variable. Use the World Bank data provided to run a regression where 2013 per capita health care expenditure is the dependent variable and 2013 per capita GDP is the independent variable. What is R square? Answer to three decimal places. Note: R square in the simple regression model from the text is r2 _ In the per capita GDP versus per capita health care expenditure regression that you just ran you fail to reject the hypothesis that the slope is 0 (i.e. that the per capita GDP has no impact on the amount spent on health care). 0 True 0 False D Question 5 1 Pts In the regression that you just ran you reject the hypothesis that the intercept is O (as usual assume alpha=.05). True 0 False D Question 6 1 pts Use the results from the regression you just ran with per capita GDP and health care. You already found R square for this regression. What is the estimated variance of the error term (this is the mean-squared error)? Answer to the nearest integer. Hint this number should be less than 1,000,000. D Question 7 1 pts Use the results from the regression you just ran with per capita GDP and health care. You already found R square for this regression. What is the estimated standard deviation of the error term? Answer to the nearest integer. D Question 8 1 pts Use the regression results you have found. What is the test statistic for a test that the slope of the regression line is 0? Answer to two decimal places. : D Question 9 1 pts Use the same regression results where you already found R square and other results for this regression. What is the standard error for the estimated slope of the regression line? Answer to four decimal places. E D Question 10 1 pts Using the same regression results what is the estimated coefficient on per capita GDP? Answer to three decimal places.D Question 13 1 pts Which of the following is an assumption we typically make when performing OLS regression? 0 That the sum of the squared error terms is equal to 0. 0 That the independent variable has mean 0. 0 That the variance of the error term is constant across values of the independent variable. 0 The derivative of the MSE with respect to the error term is positive. D Question 14 1 pts What is the largest possible value that R square can be? S

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_2

Step: 3

blur-text-image_3

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

College Geometry Using The Geometer's Sketchpad

Authors: Barbara E Reynolds, William E Fenton

1st Edition

1118213408, 9781118213407

More Books

Students also viewed these Mathematics questions

Question

=+a) Draw the decision tree.

Answered: 1 week ago

Question

Constraints A person's name ranges from A to Z. 1

Answered: 1 week ago

Question

1. Information that is currently accessible (recognition).

Answered: 1 week ago