Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Page 2 3) A researcher is interested in how the financial crisis affected inequality in countries around the world. To do this, she compares countries'
Page 2 3) A researcher is interested in how the financial crisis affected inequality in countries around the world. To do this, she compares countries' GINI coefficient (the standard measure of inequality in a county) in 2007 to their GINI coefficient in 2009. Larger coefficients mean greater inequality. Her data appear below. Interpret her results. Can she be 95% confident that the difference she observes is real and not simply the result of random chance? (5 points) Country 2007 2009 Australia 35.0 35.2 Brazil 57.4 57.2 Chile 57.0 54.2 France 32.7 33.5 Germany 28.2 28.2 Italy 36.0 36.2 Japan 24.9 25.0 Netherlands 30.9 30.6 Sweden 25.1 25.2 United States 40.8 41.0 Mean 2007: Mean 2009: Standard error: t-score (calculated): Degrees of freedom: t-score (book): Answer in words: F3 F4 F5 F6 DII F7 FB % &
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started