Question
Please improve statistics interpretation :) Table #1: Descriptive Statistics Variables Mean S.D. Coding Hypotheses Income Inequality 38.7935 8.27034 Lower values mean more likely to have
Please improve statistics interpretation :)
Table #1: Descriptive Statistics
Variables | Mean | S.D. | Coding | Hypotheses |
Income Inequality | 38.7935 | 8.27034 | Lower values mean more likely to have lower Income Inequality. | Positive correlation with Income Inequality. |
Tax Burden | 76.5085 | 11.95316 | Lower values mean more likely to have Tax Burden | Positive correlation, as higher Tax Burden rate results less Income Inequality. |
Government Spending | 65.5286 | 21.40807 | Higher values mean more likely to have more Government Spending. | Negative correlation, as higher value of Government Spending results more Income Inequality. |
Education Spending | 15.3781 | 4.99255 | Lower values mean more likely to have Education Spending | Positive correlation, as higher Tax Burden rate results less Income Inequality. |
Business Freedom | 64.8899 | 14.50275 | Higher values mean more likely to have lower Income Inequality. | Negative correlation, as higher value of Business Freedom results more Income Inequality. |
Globalization Index | 62.1458 | 14.26799 | Higher values mean more likely to have lower Income Inequality. | Negative correlation, as higher value of Globalization Index results more Income Inequality. |
Technology Index | 3.9681 | 1.00507 | Lower values mean more likely to have Technology Index. | Positive correlation, as higher Technology Index rate results less Income Inequality. |
The sample size was N = 164. The minimum recommended sample size for 6 predictor variables is 50 + 6 * 8 = 98, so the sample size was adequate. It can be observed that tax burden had high standard deviation (SD), indicating high spread of data, while the SDs of other variables were moderate or low. The results of the Kolmogorov-Smirnov test indicated that normal distribution could not be assumed for globalization index, government spending, tax burden, and income inequality (p < 0.05).
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