Section III: Empirical Findings: Descriptive Statistics and inferential statistics………………..40% Descriptive statistics provide details about the Y variable, based on the sample for the 10-year period. Here, you use Excell or manually compute Mean or the average income per capita. Interpret the meaning of average income per capita. Draw the line chart showing the educational performance over the time-period of your study. Label the Vertical axis as Y performance and X axis as the explanatory variable (X1) . Do the same thing between Y and X2 Empirical/ Inferential Statistics: Here, use the sample information to perform the following: Draw the Scatter plot and impose the trend line: showing the Y variable and explanatory variables ( X1). Draw the scatter plot and impose the tend line: Showing Y and X2. Does your evidence (data) support your theory? Refer to the trend line: Is the relationship positive or negative as expected? Create graphs based on table below; Years Y ( per capita income) X1: Literacy Rate X2: Gov’t Expenditure (Spending) 2011 50 82.2 14 2012 52 82.2 14 2013 53 82.9 14.1 2014 55 83.3 14.5 2015 57 84.7 14.9 2016 58 84.6 15.1 2017 60 84.8 15.3 2018 63 85.1 15.6 2019 66 85.4 15.1 2020 64 85.6 16.1

10th Edition

ISBN:9781337613057

Author:Tucker

Publisher:Tucker

Chapter1: Introducing The Economic Way Of Thinking

Section1.A: Applying Graphics To Economics

Problem 1SQ

Related questions

Question

Section III: Empirical Findings: Descriptive Statistics and inferential statistics………………..40%

Descriptive statistics provide details about the Y variable, based on the sample for the 10-year period. Here, you use Excell or manually compute
Mean or the average income per capita. Interpret the meaning of average income per capita.
Draw the line chart showing the educational performance over the time-period of your study. Label the Vertical axis as Y performance and X axis as the explanatory variable (X1) . Do the same thing between Y and X2

Empirical/ Inferential Statistics: Here, use the sample information to perform the following:
Draw the Scatter plot and impose the trend line: showing the Y variable and explanatory variables ( X1).
Draw the scatter plot and impose the tend line: Showing Y and X2.

Does your evidence (data) support your theory? Refer to the trend line: Is the relationship positive or negative as expected?

Create graphs based on table below;