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 dyn
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 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.
(iv) Determine sample mean x :iv Determine sample mean x :
Enter answer to nearest ten-thousandth, without "$" sign. Examples of correctly entered answers:
11.2385 0.0079 3.0500 7.4000
(v) Determine sample standard deviation s :v Determine sample standard deviation s :
Enter in decimal form to nearest thousandth. Do not enter "$" sign. Examples of correctly entered answers:
0.002 9.050 11.300 210.715
(vi) Determine degrees of freedom df
Enter answer as integer number without sign
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