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Samuel wants to determine if there is a difference in the re…

Posted byAnonymous December 4, 2025

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Sаmuel wаnts tо determine if there is а difference in the relatiоnship between GDP and part-time emplоyment for the countries of Greece, Cyprus, and Turkey.  The variable GRC equals 1 if the data is from Greece, but 0 if it is not. The variable CYP equals 1 if the data is from Cypress, but 0 if it is not. Treat this data as if it was randomly selected.  The R output is below. (Use 5% as the significance level.) > lm1 summary(lm1) Call: lm(formula = GDP_Three$GDP ~ GDP_Three$GRC + GDP_Three$CYP + GDP_Three$`Part time employment, total`) Residuals: Min 1Q Median 3Q Max -3.865e+11 -6.650e+10 -6.670e+09 6.296e+10 4.783e+11 Coefficients: Estimate Std. Error t value Pr(>|t|) (Intercept) 4.113e+11 1.126e+11 3.653 0.000493 *** GDP_Three$GRC -6.666e+11 5.587e+10 -11.931 < 2e-16 *** GDP_Three$CYP -1.004e+12 8.983e+10 -11.180 < 2e-16 *** GDP_Three$`Part time employment, total` 2.020e+10 6.154e+09 3.282 0.001600 ** --- Signif. codes: 0 ‘***’ 0.001 ‘**’ 0.01 ‘*’ 0.05 ‘.’ 0.1 ‘ ’ 1 Residual standard error: 1.521e+11 on 71 degrees of freedom Multiple R-squared: 0.8246, Adjusted R-squared: 0.8172 F-statistic: 111.2 on 3 and 71 DF, p-value: < 2.2e-16   Conduct the overall (joint) F test for the significance of the model. Parameters: Hypothesis: Test Statistic: _____________         P-value: ______________ Conclusion:   Conduct the t-test for the GRC variable. Hypothesis: Test Statistic: _____________         P-value: ______________ Conclusion:

Tags: Accounting, Basic, qmb,

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