The economic dynamism, which is the index of productive growth in dollars for countries that are...

The economic dynamism, which is the index of productive growth in dollars for countries that are designated by the World Bank as middle-income are in table #7.3.8 ("SOCR data 2008," 2013). Countries that are considered high-income have a mean economic dynamism of 60.29. Do the data show that the mean economic dynamism of middle-income countries is less than the mean for high-income countries? Test at the 5% level. Table #7.3.8: Economic Dynamism of Middle Income Countries 25.8057 37.4511 51.915 43.6952 47.8506 43.7178 58.0767 41.1648 38.0793 37.7251 39.6553 42.0265 48.6159 43.8555 49.1361 61.9281 41.9543 44.9346 46.0521 48.3652 43.6252 50.9866 59.1724 39.6282 33.6074 21.6643

Expert Solution

On the basis of given sample , we have to find sample mean

() and sample standard deviation (s).

Sample mean ()=43.87 and the sample standard deviation is (s)=9.0711, and the sample size is (n) = 26

orchestra answered 2 years ago

The economic dynamism, which is the index of productive growth in dollars for countries that are...

The economic dynamism, which is the index of productive growth in dollars for countries that are designated by the World Bank as middle-income are listed in the table below. Compute a 95% confidence interval for the mean economic dynamism of middle-income countries. 25.8057 37.4511 51.915 43.6952 47.8506 43.7178 58.0767 41.1648 38.0793 37.7251 39.6553 42.0265 48.6159 43.8555 49.1361 61.9281 41.9543 44.9346 46.0521 48.3652 43.6252 50.9866 59.1724 39.6282 33.6074 21.6643 Table: Economic Dynamism ($) of Middle Income Countries Step 1: State the...

The economic dynamism, which is the index of productive growth in dollars for countries that are...

The economic dynamism, which is the index of productive growth in dollars for countries that are designated by the World Bank as middle-income are in table provided below ("SOCR data 2008," 2013). Countries that are considered high-income have a mean economic dynamism of 60.29. Do the data show that the mean economic dynamism of middle-income countries is less than the mean for high-income countries? Test at the 5% level. Economic Dynamism of Middle Income Countries 25.8057 37.4511 51.915 43.6952 47.8506...

Question 3 options: The economic dynamism, which is the index of productive growth (in dollars), for...

Question 3 options: The economic dynamism, which is the index of productive growth (in dollars), for countries that are designated by the World Bank as middle-income are in following table ("SOCR data 2008," 2013). Table: Economic Dynamism of Middle Income Countries 25.8057 37.4511 51.915 43.6952 47.8506 43.7178 58.0767 41.1648 38.0793 37.7251 39.6553 42.0265 48.6159 43.8555 49.1361 61.9281 41.9543 44.9346 46.0521 48.3652 43.6252 50.9866 59.1724 39.6282 33.6074 21.6643 Countries that are considered high-income have a mean economic dynamism of 60.29. Do...

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the economic dynamism which is the index of production growth in dollars fir countries that are designed by the workd bank ad a middle income are in tabke #7.3.8. countries that are considered high income have a mean economic dynamic of 60.29. do the mean economic dynamism of middle income countries is less than the mean fir high income countries. test at the 5% level

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The economic dynamism, which is the index of productive growth in dollars for countries that are...

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The economic dynamism, which is the index of productive growth in dollars for countries that are...

The economic dynamism, which is the index of productive growth in dollars for countries that are...

Question 3 options: The economic dynamism, which is the index of productive growth (in dollars), for...

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How can poor countries achieve economic growth?

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