Determining confidence interval for estimating dtata

Assignment Help Basic Statistics

Reference no: EM1314075

Use data given to find out whether or not there is linear relation between us national health expenditures as percent of gross domestic product and time.

YEAR	% GDP
1960	5.1
1970	7
1980	8.8
1990	12
1995	13.4
1997	13.1
1998	13.2
1999	13.2
2000	13.3
2001	14.1
2002	14.9

i) What is your forecasted value for national health expenditures as percent of GDP for 2010? Determine the 95% confidence interval for your estimate what data have you utilized as the basis of your predictions what suppositions have you made.

Reference no: EM1314075

Questions Cloud

Using venn diagram for solving word problems : Using venn diagram for solving word problems.

Test of goodness of fit-chi square : Would it be reasonable to conclude that the population distribution is Poisson with a mean of 2.0?

Purpose a petty cash payments report for february : Purpose a petty cash payments report for February with these categories: delivery expense, mileage expense, postage expense, merchandise inventory (for transportation-in), and office supplies expense.

Different situations according solow growth model : Assume that the economy starts in steady state. According to the Solow growth model, how would each of the following affect consumption per worker in the long run, Explain?

Determining confidence interval for estimating dtata : Determine the 95% confidence interval for your estimate what data have you utilized as the basis of your predictions what suppositions have you made.

Political business cycle theory : Political business cycle: Do economic events affect presidential elections? To test this so-called political business cycle theory, Gary Smith 20 obtained the following regression results based on the U.S Presidential elections for the four yearl..

Prepare the necessary entries to clear the intangible assets : Prepare the necessary entries to clear the Intangible Assets account and to set up separate accounts For distinct types of intangibles. Make the entries as of December 31, 2007,

Tests and statistics : Test the hypothesis that no difference exists between the groups at α = .05 and perform and report all related tests and statistics.

What''s the beginning balance per the books : What's the beginning balance per the books and What are the total amounts of outstanding checks

User Account

All Pages