Good Day, Kindly requesting assistance with this practice question. Any help would be appreciated. Using the below table kindly do the following. Using R-Studio, estimate a regression equation to determine the effect of population, GNIand reserves and related items on imports.(All codes and regression output should be provided). (i) Write down the regression equation. (1 mark) (ii) Interpret the coefficients and determine which of the individual coefficients in theregression model are statistically significant. In responding, construct and test anyappropriate hypothesis. (6 marks) (iii) Interpret the coefficient of determination. (2 marks) (iv) Using the 10% level of significance, determine and discuss whether the overallregression equation is statistically significant. In responding, construct and testany appropriate hypothesis. (4 marks) (v) Determine and interpret the confidence interval for the independent variable(s). (6marks) (b) Using R-Studio redo the regression analysis with the consumer price index as anadditional independent variable. (All codes and regression output should be provided). (i) Write down the regression equation. (1 mark) (ii) Use the 5% level of significance, determine and discuss whether the consumerprice index has a significant impact on imports in your assigned country. Inresponding, construct and test any appropriate hypothesis. (4 marks) 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 Imports of goods and services 498,908,791,526.17 532,805,772,467.73 548,359,979,520.20 609,344,249,619.14 653,727,592,292.00 649,254,591,287.80 654,322,396,165.11 731,362,678,944.51 890,714,492,767.79 1,033,545,761,324.64 1,281,846,469,334.98 1,517,063,709,363.89 1,464,765,395,402.65 987,689,762,379.35 1,035,627,568,686.95 (BoP, current US$) Population,total 58,166,950 58,316,954 58,487,141 58,682,466 58,892,514 59,119,673 59,370,479 59,647,577 59,987,905 60,401,206 60,846,820 61,322,463 61,806,995 62,276,270 62,766,365 GNI (current US$) 1,375,561,737,909.52 1,538,247,125,081.86 1,662,603,292,480.95 1,682,082,187,348.33 1,670,131,638,674.53 1,658,734,705,628.33 1,806,396,882,494 2,077,931,428,571.43 2,441,457,341,633.10 2,569,580,000,000 2,697,812,327,506.90 3,062,292,917,166.87 2,890,751,838,235.29 2,392,568,935,971.33 2,486,575,029,070.35 Consumer price index (2010 = 100) 76.04031811 77.71407435 79.12890697 80.51599778 81.4684668 82.71684853 83.97447753 85.13038654 86.31403736 88.11725541 90.28111707 92.43573146 95.69077122 97.56796745 100 Reserves and related items (BoP, current US$) -652,577,297.42 -3,904,203,681.30 -256,917,892.31 -1,035,942,016.04 5,298,826,796.66 -4,453,587,210.82 -633,277,728.64 -2,590,173,279.81 406,797,606.18 1,732,045,781.29 -1,303,271,672.22 2,571,704,014.43 -3,073,543,999.93 9,561,489,759.48 10,009,563,295.90

Good Day, Kindly requesting assistance with this practice question. Any help would be appreciated. Using the below table kindly do the following. Using R-Studio, estimate a regression equation to determine the effect of population, GNIand reserves and related items on imports.(All codes and regression output should be provided). (i) Write down the regression equation. (1 mark) (ii) Interpret the coefficients and determine which of the individual coefficients in theregression model are statistically significant. In responding, construct and test anyappropriate hypothesis. (6 marks) (iii) Interpret the coefficient of determination. (2 marks) (iv) Using the 10% level of significance, determine and discuss whether the overallregression equation is statistically significant. In responding, construct and testany appropriate hypothesis. (4 marks) (v) Determine and interpret the confidence interval for the independent variable(s). (6marks) (b) Using R-Studio redo the regression analysis with the consumer price index as anadditional independent variable. (All codes and regression output should be provided). (i) Write down the regression equation. (1 mark) (ii) Use the 5% level of significance, determine and discuss whether the consumerprice index has a significant impact on imports in your assigned country. Inresponding, construct and test any appropriate hypothesis. (4 marks) 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 Imports of goods and services 498,908,791,526.17 532,805,772,467.73 548,359,979,520.20 609,344,249,619.14 653,727,592,292.00 649,254,591,287.80 654,322,396,165.11 731,362,678,944.51 890,714,492,767.79 1,033,545,761,324.64 1,281,846,469,334.98 1,517,063,709,363.89 1,464,765,395,402.65 987,689,762,379.35 1,035,627,568,686.95 (BoP, current US$) Population,total 58,166,950 58,316,954 58,487,141 58,682,466 58,892,514 59,119,673 59,370,479 59,647,577 59,987,905 60,401,206 60,846,820 61,322,463 61,806,995 62,276,270 62,766,365 GNI (current US$) 1,375,561,737,909.52 1,538,247,125,081.86 1,662,603,292,480.95 1,682,082,187,348.33 1,670,131,638,674.53 1,658,734,705,628.33 1,806,396,882,494 2,077,931,428,571.43 2,441,457,341,633.10 2,569,580,000,000 2,697,812,327,506.90 3,062,292,917,166.87 2,890,751,838,235.29 2,392,568,935,971.33 2,486,575,029,070.35 Consumer price index (2010 = 100) 76.04031811 77.71407435 79.12890697 80.51599778 81.4684668 82.71684853 83.97447753 85.13038654 86.31403736 88.11725541 90.28111707 92.43573146 95.69077122 97.56796745 100 Reserves and related items (BoP, current US$) -652,577,297.42 -3,904,203,681.30 -256,917,892.31 -1,035,942,016.04 5,298,826,796.66 -4,453,587,210.82 -633,277,728.64 -2,590,173,279.81 406,797,606.18 1,732,045,781.29 -1,303,271,672.22 2,571,704,014.43 -3,073,543,999.93 9,561,489,759.48 10,009,563,295.90

Functions and Change: A Modeling Approach to College Algebra (MindTap Course List)

6th Edition

ISBN:9781337111348

Author:Bruce Crauder, Benny Evans, Alan Noell

Publisher:Bruce Crauder, Benny Evans, Alan Noell

Chapter3: Straight Lines And Linear Functions

Section3.CR: Chapter Review Exercises

Problem 15CR: Life Expectancy The following table shows the average life expectancy, in years, of a child born in...

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Good Day, Kindly requesting assistance with this practice question. Any help would be appreciated.

Using the below table kindly do the following.

Using R-Studio, estimate a regression equation to determine the effect of population, GNI
and reserves and related items on imports.
(All codes and regression output should be provided).

(i) Write down the regression equation. (1 mark)

(ii) Interpret the coefficients and determine which of the individual coefficients in the
regression model are statistically significant. In responding, construct and test any
appropriate hypothesis. (6 marks)

(iii) Interpret the coefficient of determination. (2 marks)

(iv) Using the 10% level of significance, determine and discuss whether the overall
regression equation is statistically significant. In responding, construct and test
any appropriate hypothesis. (4 marks)

(v) Determine and interpret the confidence interval for the independent variable(s). (6
marks)

(b) Using R-Studio redo the regression analysis with the consumer price index as an
additional independent variable. (All codes and regression output should be provided).

(i) Write down the regression equation. (1 mark)

(ii) Use the 5% level of significance, determine and discuss whether the consumer
price index has a significant impact on imports in your assigned country. In
responding, construct and test any appropriate hypothesis. (4 marks)

	1996	1997	1998	1999	2000	2001	2002	2003	2004	2005	2006	2007	2008	2009	2010
Imports of goods and services	498,908,791,526.17	532,805,772,467.73	548,359,979,520.20	609,344,249,619.14	653,727,592,292.00	649,254,591,287.80	654,322,396,165.11	731,362,678,944.51	890,714,492,767.79	1,033,545,761,324.64	1,281,846,469,334.98	1,517,063,709,363.89	1,464,765,395,402.65	987,689,762,379.35	1,035,627,568,686.95
(BoP, current US$)
Population,total	58,166,950	58,316,954	58,487,141	58,682,466	58,892,514	59,119,673	59,370,479	59,647,577	59,987,905	60,401,206	60,846,820	61,322,463	61,806,995	62,276,270	62,766,365
GNI (current US$)	1,375,561,737,909.52	1,538,247,125,081.86	1,662,603,292,480.95	1,682,082,187,348.33	1,670,131,638,674.53	1,658,734,705,628.33	1,806,396,882,494	2,077,931,428,571.43	2,441,457,341,633.10	2,569,580,000,000	2,697,812,327,506.90	3,062,292,917,166.87	2,890,751,838,235.29	2,392,568,935,971.33	2,486,575,029,070.35
Consumer price index (2010 = 100)	76.04031811	77.71407435	79.12890697	80.51599778	81.4684668	82.71684853	83.97447753	85.13038654	86.31403736	88.11725541	90.28111707	92.43573146	95.69077122	97.56796745	100
Reserves and related items (BoP, current US$)	-652,577,297.42	-3,904,203,681.30	-256,917,892.31	-1,035,942,016.04	5,298,826,796.66	-4,453,587,210.82	-633,277,728.64	-2,590,173,279.81	406,797,606.18	1,732,045,781.29	-1,303,271,672.22	2,571,704,014.43	-3,073,543,999.93	9,561,489,759.48	10,009,563,295.90

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