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Assignment checklist

Turn in the following typed (12 point) and stapled packet for your final project:
____ Cover sheet containing your name(s), class time, and the name of your study
____ Summary , which includes all items listed on summary checklist
____ Solution sheet neatly and completely filled out. The solution sheet does not need to be typed.
____ Graphic representation of your data , created following the guidelines previously discussed; include only graphs which are appropriate and useful.
____ Raw data collected AND a table summarizing the sample data ( n , x ¯ and s ; or x , n , and p ’, as appropriate for your hypotheses); the raw data does not need to be typed, but the summary does. Hand in the data as you collected it. (Either attach your tally sheet or an envelope containing your questionnaires.)

Bivariate data, linear regression, and univariate data

Student learning objectives

  • The students will collect a bivariate data sample through the use of appropriate sampling techniques.
  • The student will attempt to fit the data to a linear model.
  • The student will determine the appropriateness of linear fit of the model.
  • The student will analyze and graph univariate data.

Instructions

  1. As you complete each task below, check it off. Answer all questions in your introduction or summary.
  2. Check your course calendar for intermediate and final due dates.
  3. Graphs may be constructed by hand or by computer, unless your instructor informs you otherwise. All graphs must be neat and accurate.
  4. All other responses must be done on the computer.
  5. Neatness and quality of explanations are used to determine your final grade.

Part i: bivariate data

Introduction

____State the bivariate data your group is going to study.

Here are two examples, but you may NOT use them: height vs. weight and age vs. running distance.


____Describe your sampling technique in detail. Use cluster, stratified, systematic, or simple random sampling (using a random number generator) sampling. Convenience sampling is NOT acceptable.
____Conduct your survey. Your number of pairs must be at least 30.
____Print out a copy of your data.

Analysis

____On a separate sheet of paper construct a scatter plot of the data. Label and scale both axes.
____State the least squares line and the correlation coefficient.
____On your scatter plot, in a different color, construct the least squares line.
____Is the correlation coefficient significant? Explain and show how you determined this.
____Interpret the slope of the linear regression line in the context of the data in your project. Relate the explanation to your data, and quantify what the slope tells you.
____Does the regression line seem to fit the data? Why or why not? If the data does not seem to be linear, explain if any other model seems to fit the data better.
____Are there any outliers? If so, what are they? Show your work in how you used the potential outlier formula in the Linear Regression and Correlation chapter (since you have bivariate data) to determine whether or not any pairs might be outliers.

Part ii: univariate data

In this section, you will use the data for ONE variable only. Pick the variable that is more interesting to analyze. For example: if your independent variable is sequential data such as year with 30 years and one piece of data per year, your x -values might be 1971, 1972, 1973, 1974, …, 2000. This would not be interesting to analyze. In that case, choose to use the dependent variable to analyze for this part of the project.
_____Summarize your data in a chart with columns showing data value, frequency, relative frequency, and cumulative relative frequency.
_____Answer the following question, rounded to two decimal places:

  1. Sample mean = ______
  2. Sample standard deviation = ______
  3. First quartile = ______
  4. Third quartile = ______
  5. Median = ______
  6. 70th percentile = ______
  7. Value that is 2 standard deviations above the mean = ______
  8. Value that is 1.5 standard deviations below the mean = ______
_____Construct a histogram displaying your data. Group your data into six to ten intervals of equal width. Pick regularly spaced intervals that make sense in relation to your data. For example, do NOT group data by age as 20-26,27-33,34-40,41-47,48-54,55-61 . . . Instead, maybe use age groups 19.5-24.5, 24.5-29.5, . . . or 19.5-29.5, 29.5-39.5, 39.5-49.5, . . .
_____In complete sentences, describe the shape of your histogram.
_____Are there any potential outliers? Which values are they? Show your work and calculations as to how you used the potential outlier formula in Descriptive Statistics (since you are now using univariate data) to determine which values might be outliers.
_____Construct a box plot of your data.
_____Does the middle 50% of your data appear to be concentrated together or spread out? Explain how you determined this.
_____Looking at both the histogram AND the box plot, discuss the distribution of your data. For example: how does the spread of the middle 50% of your data compare to the spread of the rest of the data represented in the box plot; how does this correspond to your description of the shape of the histogram; how does the graphical display show any outliers you may have found; does the histogram show any gaps in the data that are not visible in the box plot; are there any interesting features of your data that you should point out.

Due dates

  • Part I, Intro: __________ (keep a copy for your records)
  • Part I, Analysis: __________ (keep a copy for your records)
  • Entire Project, typed and stapled: __________

    ____ Cover sheet: names, class time, and name of your study

    ____ Part I: label the sections “Intro” and “Analysis.”

    ____ Part II:

    ____ Summary page containing several paragraphs written in complete sentences describing the experiment, including what you studied and how you collected your data. The summary page should also include answers to ALL the questions asked above.

    ____ All graphs requested in the project

    ____ All calculations requested to support questions in data

    ____ Description: what you learned by doing this project, what challenges you had, how you overcame the challenges

Note

Include answers to ALL questions asked, even if not explicitly repeated in the items above.

Questions & Answers

it is the relatively stable flow of income
Chidubem Reply
what is circular flow of income
Divine Reply
branches of macroeconomics
SHEDRACK Reply
what is Flexible exchang rate?
poudel Reply
is gdp a reliable measurement of wealth
Atega Reply
introduction to econometrics
Husseini Reply
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mostafa
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LEMLEM
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Sammol
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Mahesh
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Ruqayat
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Ruqayat
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Nyawa
hey
Sammol
hi
God
hello
Jahara
Good morning
Jorge
hi
abubakar
hi
Nmesoma
hi
Mahesh
Hi
Tom
Why is unemployment rate never zero at full employment?
Priyanka Reply
bcoz of existence of frictional unemployment in our economy.
Umashankar
what is flexible exchang rate?
poudel
due to existence of the pple with disabilities
Abdulraufu
the demand of a good rises, causing the demand for another good to fall
Rushawn Reply
is it possible to leave every good at the same level
Joseph
I don't think so. because check it, if the demand for chicken increases, people will no longer consume fish like they used to causing a fall in the demand for fish
Anuolu
is not really possible to let the value of a goods to be same at the same time.....
Salome
Suppose the inflation rate is 6%, does it mean that all the goods you purchase will cost 6% more than previous year? Provide with reasoning.
Geetha Reply
Not necessarily. To measure the inflation rate economists normally use an averaged price index of a basket of certain goods. So if you purchase goods included in the basket, you will notice that you pay 6% more, otherwise not necessarily.
Waeth
discus major problems of macroeconomics
Alii Reply
what is the problem of macroeconomics
Yoal
Economic growth Stable prices and low unemployment
Ephraim
explain inflationcause and itis degre
Miresa Reply
what is inflation
Getu
increase in general price levels
WEETO
Good day How do I calculate this question: C= 100+5yd G= 2000 T= 2000 I(planned)=200. Suppose the actual output is 3000. What is the level of planned expenditures at this level of output?
Chisomo Reply
how to calculate actual output?
Chisomo
how to calculate the equilibrium income
Beshir
Criteria for determining money supply
Thapase Reply
who we can define macroeconomics in one line
Muhammad
Aggregate demand
Mohammed
C=k100 +9y and i=k50.calculate the equilibrium level of output
Mercy Reply
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Isiaka
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Geli
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Bahunda
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Amisha
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Amisha
nd u
Amisha
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Sekou
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Amisha
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Amisha
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ahh
Amisha
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Amisha
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Amisha
money as unit of account means what?
Kalombe
A unit of account is something that can be used to value goods and services and make calculations
Jim
all of you please speak in English I can't understand you're language
Muhammad
I want to know how can we define macroeconomics in one line
Muhammad
it must be .9 or 0.9 no Mpc is greater than 1 Y=100+.9Y+50 Y-.9Y=150 0.1Y/0.1=150/0.1 Y=1500
Kalombe
Mercy is it clear?😋
Kalombe
hi can someone help me on this question If a negative shocks shifts the IS curve to the left, what type of policy do you suggest so as to stabilize the level of output? discuss your answer using appropriate graph.
Galge Reply
if interest rate is increased this will will reduce the level of income shifting the curve to the left ◀️
Kalombe
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Source:  OpenStax, Introductory statistics. OpenStax CNX. May 06, 2016 Download for free at http://legacy.cnx.org/content/col11562/1.18
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