QM161, Semester 1, 2010 Part B A sample of ten developed countries is selected.
ID: 3375176 • Letter: Q
Question
QM161, Semester 1, 2010 Part B A sample of ten developed countries is selected. Information about the percentage labour force participation in the agricultural sector and the per capita income (in thousands of US dollars) is obtained. An analysis using EXCEL yielded the information below. Regression Analysis Regression Statistics Multiple R R Square Adjusted R Square Standard Error Observations 0.585728146 0.34307746 0.260962143 1.728871758 10 ANOVA Regressiorn Residual 112.48801956 12.48801956 4.17799591 0.075203745 8 23.91198044 2.988997555 Total 36.4 fat P-value 12.523227381995718931 6275045643 0.000239147.92109128 17.12536349 Intercept % in Aaricuture 0.552567237 0.270334283 2044014655 0.075203745 -1.175959212 0.070824738 (a) The independent variable is (please circle) Income Labour Force in Agriculture (%) Intercept (b) The dependent variable is (please circle) Income Labour Force in Agriculture (%) Intercept (c) Report the estimated regression equation and interpret the values of bo and bi.Explanation / Answer
a) The independent variable is Labour Force in Agriculture(%)
b)The dependent variable is Income
c) estimated regression equation = 12.52322738 - 0.552567237*(% in Agriculture)
b0 = 12.52322738 , b1 = - 0.552567237
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