For the particular Year 2 that you chose, what is the maximum growth rate a country could have and still have a lower growth rate than 75% of the other countries in the world? Explain.Out of the years you chose, in which year did the smallest growth rate in GDP occur? What is the value and how did you determine it?Based on your summary statistics, did "Year 1" have higher GDP growth rates than the other two years? Give reasons for your answer. Make sure to not just compare max and min values, but rather use all the values of the 5-number summary and/or a boxplot. You might also argue based on the shape of the distribution and discuss the impact of outliers in your analysis.Which of the years you chose has the largest variability? Explain Summary StatisticsYear 1Year 2Year 3Year Chosen182119712002Min-2.20-11.3-21.2Q10.722.621.04Median1.074.633.114.69Q3Мах1.616.9019.2025.9027.10Меan1.385.073.10Standard Deviation1.694.825.29 year 1821-3 -2-13 45 6 712 1314151617811920Year 1971++-10-510152025year 2002-10-55.10152025-20-152.

For the particular Year 2 that you chose, what is the maximum growth rate a country could have and…

Answered: For the particular Year 2 that you…

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

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Question

For the particular Year 2 that you chose, what is the maximum growth rate a country could have and still have a lower growth rate than 75% of the other countries in the world? Explain.
Out of the years you chose, in which year did the smallest growth rate in GDP occur? What is the value and how did you determine it?
Based on your summary statistics, did "Year 1" have higher GDP growth rates than the other two years? Give reasons for your answer. Make sure to not just compare max and min values, but rather use all the values of the 5-number summary and/or a boxplot. You might also argue based on the shape of the distribution and discuss the impact of outliers in your analysis.
Which of the years you chose has the largest variability? Explain