5. After careful consideration of the single factor identified in the model above, theresearchers were interested in compounding more factors that influence the country'slevel of happiness. The added factors were GDP Per Capita, Family, Life Expectance,Generosity and Government Corruption.A. Using the results found below, provide a Table-Reading Texts to each set ofresults.B. What happened to the main variable which is Freedom when other variables wereadded to the regression test? What is the implication to this in the context ofapproximating the reality of "happiness" across countries which is happiness? NOTE: This Regression Model used the "Enter" MethodLinear Regression ▾Model Summary - Happiness ScoreModelRR²HoANOVAModelH₂CoefficientsModelHo0.0000.901DescriptivesRegressionResidualTotal(Intercept)(Intercept)GDP per CapitaFamilyLife Expectancy0.0000.812Sum of Squares160.10536.966197.071Note. The intercept model is omitted, as no meaningful information can be shown.FreedomGenerosityGovernment CorruptionHappiness ScoreGDP per CapitaFamilyLife ExpectancyFreedomGenerosityGovernment CorruptionNAdjusted R²1551551551551551551550.0000.805df5.3541.7430.7841.1181.2891.476MeanUnstandardized Standard Error0.3810.8275.3540.9851.18961481540.5510.409RMSE1.1310.5000.2470.123R¹ Change0.0000.812Mean Square26.6840.250SD1.1310.4210.2870.2370.1500.1350.1020.0910.1870.2050.2020.3220.3430.3290.484F ChangeSE0.0910.0340.0230.0190.0120.0110.008106.836F106.836Standardized0.2920.2840.2700.1960.0450.074Pdf106<.001Tdf21.1561.707154148P58.924<.0019.303 <.0013.836 <.0015.532 < .0014.009<.0014.309 <.001p<.00195% CILowerUpper5.5342.1131.1895.1751.3730.3800.7181.5170.654 1.9240.7992.1531.0321.7840.250 -0.2700.090 -0.130

The regression model analyzes how the independent variable is explained by the independent variable.…

After careful consideration of the single factor identified in the model above, the researchers were interested in compounding more factors that influence the country's level of happiness. The added factors were GDP Per Capita, Family, Life Expectance, Generosity and Government Corruption. A. Using the results found below, provide a Table-Reading Texts to each set of results. B. What happened to the main variable which is Freedom when other variables were added to the regression test? What is the implication to this in the context of approximating the reality of "happiness" across countries which is happiness?

After careful consideration of the single factor identified in the model above, the researchers were interested in compounding more factors that influence the country's level of happiness. The added factors were GDP Per Capita, Family, Life Expectance, Generosity and Government Corruption. A. Using the results found below, provide a Table-Reading Texts to each set of results. B. What happened to the main variable which is Freedom when other variables were added to the regression test? What is the implication to this in the context of approximating the reality of "happiness" across countries which is happiness?

Managerial Economics: Applications, Strategies and Tactics (MindTap Course List)

14th Edition

ISBN:9781305506381

Author:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris

Publisher:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris

Chapter4: Estimating Demand

Section: Chapter Questions

Problem 1E

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