Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Solve all of thr following questions please? Draw evidence on the descriptive statistics of relevant variables in the dataset. 2. Do hot countries tend to

Solve all of thr following questions please?

Draw evidence on the descriptive statistics of relevant variables in the dataset.

2. Do hot countries tend to be poor (with lower per capita GDP)? Do dry countries tend to be poor? Use appropriate graphs to interpret the relationship between relevant variables. You only need to present two relationships. Carefully interpret and explain.

3. Calculate the sample covariance and correlation for the two relationships in question 2 above using Data Analysis Tool Pack or Excel statistical functions. In addition, you are required to calculate the sample covariance and correlation using a second method (using basic Excel formulae without Data Analysis Tool Pack). The calculations by the second method should be carefully laid out in Excel and should NOT use any hard-wired Excel statistical functions e.g. COVARIANCE.S, CORREL, et al. You can use the Excel sort command, the sum command, and any other non-statistical excel commands. Carefully interpret your results.

4. Use simple regression to explore the relationship between (i) annual growth of per capita GDP over 1990-2000 (Y) and mean temperature over 1990-2000 (X); (ii) annual growth of per capita GDP over 1990-2000 (Y) and mean precipitation over 1990-2000 (X), respectively. You may use Data Analysis Tool Pack for this. Based on the excel regression output, first write down the estimated regression equations, then carry out any relevant two-tailed hypothesis tests using the critical value approach at the 5% significance level. Carefully interpret your hypothesis test results.

5. Now use multiple regression to explore the relationship of annual growth of per capita GDP over 1990-2000 (Y) with, mean temperature over 1990-2000 (X1), and mean precipitation over 1990-2000 (X2). You may use Data Analysis Tool Pack for this. Based on the excel regression output, first write down the estimated regression equation, then interpret the estimated coefficients on the mean temperature over 1990-2000 (X1), and mean precipitation over 1990-2000 (X2). Carry out any relevant two-tailed hypothesis tests using the p-value approach at the 5% significance level, and an overall significance test using the p-value approach. Carefully interpret your hypothesis test results.

6. Write down a paragraph or two to illustrate: a) why the hypothesis test is required in the above regression analysis (either simple or multiple); b) the underlying mechanism/intuition of a two-tailed hypothesis test in the context of regression analysis. Aid your illustration with appropriate diagrams.

7. Carefully interpret the adjusted R-squared in the multiple regression analysis.

8. If you could request additional data to study the factors that influence the annual growth of per capita GDP, what extra variables would you request? Illustrate two such variables. Carefully explain why you choose these two variables (by drawing evidence from the literature such as journal articles, newspapers, et al), types of your proposed variables (e.g. numerical or categorical), and how each of your proposed variables will be measured in the regression model.

image text in transcribedimage text in transcribedimage text in transcribedimage text in transcribed
Consider the following 4 statements Stat 1 : Elements a and b of a POSET (S, 10 with test stat t20 = 2.37 b) Ho: H = 10 vs HA: H

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

Intermediate Algebra A Text/Workbook

Authors: Charles P McKeague

2nd Edition

1483214176, 9781483214177

More Books

Students also viewed these Mathematics questions