Question

As preparation for the final research paper, formulate a theory about the correlation between measurable independent variables (causes) and one measurable dependent variable (the effect). Be sure to have at least two independent variables for proposed research paper. The topic proposal should include the following four items which serve as the foundation for the final research paper after instructor feedback is given.

1) Purpose Statement

In one paragraph, state the correlation and identify the primary independent variables.

State the correlation as in the following:

“The dependent variable _______ is determined by independent variables ________, _________, ________, and ________.”

Identify and defend the “primary” independent variable, or the variable believed to have the strongest impact on the dependent variable:

“The most important independent variable in this relationship is ________ because _________.”

2) Definition of Variables

For each variable, write a single definition paragraph talking about the variable. Paragraphs should be in this order: dependent variable, primary independent variable, and three independent variables.

In addition to defining the independent variables, defend why each determines the dependent variable.

3) Data Description

For each of the variables, at least 50 observations of cross-sectional data (not time-series data) must be obtained. Thus for the final research paper, a data matrix that is at least 50 rows by numbers of variables must be presented.

I want some different answer (not the sale and milage of car as dependent and independent variable yet keeping it verysimple

Answer 1

1) the purpose is to find the sales of the insurance by the insurance company.

So The dependent variable __Sales_____ is determined by independent variables ___Price of Insurance__, __Age of the person__, __Geographical Location_, and ___Risk Appetite of the person__.”

But the most important independent variable in this relationship is Price of the insurance because the sensitivity a person has towards the price of the insuranceis much more than any other independent factors.

2) Sales of insurance= This determines the sales of insurance by a particular company across different age and different location.

Price of insurance= Price of insurance is like the premium a person has to pay every year to get the coverage of insurance.

Age of the person= usually people above the age of 50 prefer different types of insurance. So it has an impact on sales.

Location = the geographical area in which the insuree lives also determine the sales.

Risk appatite= It is said that Peple who are risk averse will be more keen in buying insurance so risk appetite plays a role.

3) Now for this you get 50 observation points by asking 50 odd people. Since it is not time series, ask then in a particular day. and present it to your ma'am.