À researcher wants to investigate the relationship between freedom and economic growth and downloads the following 2018 data for 20 countries: Country Argentina Bangladesh Belarus Belgium Benin Bolivia Italy Jamaica Index of Civil Liberties GDP pc growth .03 .82 .50 .23 .07 .03 .01 .86 .59 .67 .04 .01 .82 .01 .85 32 .01 .03 .04 .06 .02 .00 .05 .03 01 Kazakhstan Kenya Myanmar .44 21 Netherlands .91 New Zealand Nicaragua Niger Nigeria 1 .41 .47 44 United States .82 .09 27 .02 Uzbekistan Vietnam Zambia .04 .06 .65 .01 A higher index of civil liberties indicates a higher degree of freedom. (a) Write down the regression of GDP growth as a function of civil liberties. (b) Estimate the intercept and the slope of the linear model. Show your workings. (c) The standard error for the slope is 0.0238. Is the slope of the regression significantly different from zero at 10%? At 5%? Show your workings.
Unitary Method
The word “unitary” comes from the word “unit”, which means a single and complete entity. In this method, we find the value of a unit product from the given number of products, and then we solve for the other number of products.
Speed, Time, and Distance
Imagine you and 3 of your friends are planning to go to the playground at 6 in the evening. Your house is one mile away from the playground and one of your friends named Jim must start at 5 pm to reach the playground by walk. The other two friends are 3 miles away.
Profit and Loss
The amount earned or lost on the sale of one or more items is referred to as the profit or loss on that item.
Units and Measurements
Measurements and comparisons are the foundation of science and engineering. We, therefore, need rules that tell us how things are measured and compared. For these measurements and comparisons, we perform certain experiments, and we will need the experiments to set up the devices.
![A researcher wants to investigate the relationship between freedom and economic growth
and downloads the following 2018 data for 20 countries:
Country Index of Civil Liberties GDP pc growth
Argentina
Bangladesh
Belarus
.82
-.03
.07
.50
.23
.03
Belgium
Benin
Bolivia
Italy
Jamaica
Kazakhstan
Kenya
Myanmar
Netherlands
.86
.59
.67
.82
.01
.04
-.01
.01
.85
.01
.32
.44
.03
.04
.06
.02
21
.91
New Zealand
Nicaragua
Niger
Nigeria
United States
Uzbekistan
Vietnam
1
.00
-.05
.41
.47
.03
.44
-.01
.82
.02
.09
.04
.27
.06
Zambia
.65
.01
A higher index of civil liberties indicates a higher degree of freedom.
(a) Write down the regression of GDP growth as a function of civil liberties.
(b) Estimate the intercept and the slope of the linear model. Show your workings.
(c) The standard error for the slope is 0.0238. Is the slope of the regression significantly
different from zero at 10%? At 5%?
Show your workings.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Ff9fbf7d9-8995-4e05-aecd-ece737a19ddb%2F129ea3e0-450e-496d-b7a7-0bdc1b2ca740%2Fedn0qio_processed.jpeg&w=3840&q=75)
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