Economic Growth: Asia Asian economies impact some of the world’s largest populations. The growth of an economy has a big influence on the everyday lives of ordinary people. Are Asian economies changing?

A random sample of 15 Asian economies gave the following information about annual percentage growth rate (Reference: Handbook of International Economic Statistics, U.S. Government Documents).

regarding foreign debt per capita (in U.S. dollars, inflation adjusted) (Reference: Handbook of International Economic Statistics, U.S. Government Documents).

Region 1 2 3 4 5 6 7 8 Modern Growth Rate % 4.0 2.3 7.8 2.8 0.7 5.1 2.9 4.2 Historic Growth Rate % 3.3 1.9 7.0 5.5 3.3 6.0 3.2 8.2 Region 9 10 11 12 13 14 15 Modern Growth Rate % 4.9 5.8 6.8 3.6 3.2 0.8 7.3 Historic Growth Rate % 6.4 7.2 6.1 1.5 1.0 2.1 5.1 Does this information indicate a change (either way) in the growth rate of Asian economies? Use a 5% level of significance.

please provide the following information.

(a) What is the level of significance? State the null and alternate hypotheses.

(b) Compute the sample test statistic. What is the sampling distribution?

(c) Find the P-value of the sample test statistic.

(d) Conclude the test.

(e) Interpret the conclusion in the context of the application.AppendixLO1