Measure of perceptions of political corruption

Assignment Help Microeconomics

Reference no: EM13143378

1) The file Corruption.xls contains country-level data on two variables. One of these is a measure of perceptions of political corruption.

a) Before looking at any data, propose a simple economic story (model) for how these two variables might be related. Write a paragraph of no less than 50 words in which you explain your argument. Which is the independent, and which is the dependent variable in your model?

b) Whichever way you've chosen to model this problem, execute a linear regression. For one time in your life, you are going to be calculating the slope and intercept estimators in EXCEL

c) What percentage of the variation of your dependent variable is explained by the independent?

d) Also "by hand," calculate the variance of ^{^}β₁. Next, calculate the test statistic and p-value for a hypothesis test that the population slope is zero. (The p-value is going to be extremely small and not be on any t-table. Figure out how you can use Excel to calculate it.

Reference no: EM13143378

Questions Cloud

Determining maximum tax deduction : This machinery is considered 7 year MACRS property and also qualifies as §179 property. What is the maximum tax deduction Geronimo Corp. can take for this asset in 2010?

Probability that family-s monthly gasoline purchase is high : The average monthly gasoline purchase for a family with 2 cars is 90 gallons. Find the probability that the family's monthly gasoline purchases will be between 86 and 96 gallons.

Determine the molar mass of chloroform gas : Determine the molar mass of chloroform gas if a sample weighing .389 grams is collected in a flask with a volume of 102cm cubed at 97 degrees Celsius. The pressure of the chloroform is 728 mmHg.

In colonial virginia, did racism precede slavery : In Colonial Virginia, did racism precede slavery or did slavery precede racism or did both develop simultaneously mutually reinforcing each other? Provide specific historical information to support the answer.

Measure of perceptions of political corruption : Whichever way you've chosen to model this problem, execute a linear regression. For one time in your life, you are going to be calculating the slope and intercept estimators in EXCEL

Define need before function : Which of the following is not a basic systems engineering concept?a. Define need before function

Entry to record depreciation : Is it necessary to do an entry to correct the prior years' depreciation? Prepare the entry to record depreciation for 2011

What would be average fixed inspection cost per unit : What would be average fixed inspection cost per unit at an activity level of 6,600 units in a month? Assume that this level of activity is within the relevant range.

Company weighted average cost of capital : What is the company's weighted average cost of capital if retained earnings are used to fund the common equity portion?

User Account

All Pages