After careful consideration of the single factor identified in the model above, the researchers were interested in compounding more factors that influence the country's level of happiness. The added factors were GDP Per Capita, Family, Life Expectance, Generosity and Government Corruption. A. Using the results found below, provide a Table-Reading Texts to each set of results. B. What happened to the main variable which is Freedom when other variables were added to the regression test? What is the implication to this in the context of approximating the reality of "happiness" across countries which is happiness?
After careful consideration of the single factor identified in the model above, the researchers were interested in compounding more factors that influence the country's level of happiness. The added factors were GDP Per Capita, Family, Life Expectance, Generosity and Government Corruption. A. Using the results found below, provide a Table-Reading Texts to each set of results. B. What happened to the main variable which is Freedom when other variables were added to the regression test? What is the implication to this in the context of approximating the reality of "happiness" across countries which is happiness?
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Transcribed Image Text:5. After careful consideration of the single factor identified in the model above, the
researchers were interested in compounding more factors that influence the country's
level of happiness. The added factors were GDP Per Capita, Family, Life Expectance,
Generosity and Government Corruption.
A. Using the results found below, provide a Table-Reading Texts to each set of
results.
B. What happened to the main variable which is Freedom when other variables were
added to the regression test? What is the implication to this in the context of
approximating the reality of "happiness" across countries which is happiness?

Transcribed Image Text:NOTE: This Regression Model used the "Enter" Method
Linear Regression ▾
Model Summary - Happiness Score
Model
R
R²
Ho
ANOVA
Model
H₂
Coefficients
Model
Ho
0.000
0.901
Descriptives
Regression
Residual
Total
(Intercept)
(Intercept)
GDP per Capita
Family
Life Expectancy
0.000
0.812
Sum of Squares
160.105
36.966
197.071
Note. The intercept model is omitted, as no meaningful information can be shown.
Freedom
Generosity
Government Corruption
Happiness Score
GDP per Capita
Family
Life Expectancy
Freedom
Generosity
Government Corruption
N
Adjusted R²
155
155
155
155
155
155
155
0.000
0.805
df
5.354
1.743
0.784
1.118
1.289
1.476
Mean
Unstandardized Standard Error
0.381
0.827
5.354
0.985
1.189
6
148
154
0.551
0.409
RMSE
1.131
0.500
0.247
0.123
R¹ Change
0.000
0.812
Mean Square
26.684
0.250
SD
1.131
0.421
0.287
0.237
0.150
0.135
0.102
0.091
0.187
0.205
0.202
0.322
0.343
0.329
0.484
F Change
SE
0.091
0.034
0.023
0.019
0.012
0.011
0.008
106.836
F
106.836
Standardized
0.292
0.284
0.270
0.196
0.045
0.074
P
df1
0
6
<.001
T
df2
1.156
1.707
154
148
P
58.924
<.001
9.303 <.001
3.836 <.001
5.532 < .001
4.009
<.001
4.309 <.001
p
<.001
95% CI
Lower
Upper
5.534
2.113
1.189
5.175
1.373
0.380
0.718
1.517
0.654 1.924
0.799
2.153
1.032
1.784
0.250 -0.270
0.090 -0.130
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