Paragraph Styles 5. The following is a regression of GDP per state based on Inco
ID: 3058994 • Letter: P
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Paragraph Styles 5. The following is a regression of GDP per state based on Income and Population. Source Number of obs = 51 .r12. 4816264.46 0.0000 R-squared 0. 992 dj R-squared . 0.99 60 1e26 df Hodela.a5sse+12 2 1.6779e+12 Residual| 1.2357e+148 2e7es2170 Prob > E Total 3.368te+12 s0 6.7375e+10 Root H3 GDP coef, ed . Err . R>t1 tsst Cont. Interval] PersonalIncome 1.06332507843871a.5 0.000 905 61311221036 Popalation-.0008644002977-0.290.773 006850X0051212 cons-727-7003 220. 165.230-820312.2755736-874 a. How would you interpret the coefficients of this regression? Here is a graph of Personal Income, GDP, and Population b. What can you do to correct for what you see in the histograms?Explanation / Answer
Paragraph Styles 5. The following is a regression of GDP per state based on Income and Population. Source Number of obs = 51 .r12. 4816264.46 0.0000 R-squared 0. 992 dj R-squared . 0.99 60 1e26 df Hodela.a5sse+12 2 1.6779e+12 Residual| 1.2357e+148 2e7es2170 Prob > E Total 3.368te+12 s0 6.7375e+10 Root H3 GDP coef, ed . Err . R>t1 tsst Cont. Interval] PersonalIncome 1.06332507843871a.5 0.000 905 61311221036 Popalation-.0008644002977-0.290.773 006850X0051212 cons-727-7003 220. 165.230-820312.2755736-874 a. How would you interpret the coefficients of this regression? Here is a graph of Personal Income, GDP, and Population b. What can you do to correct for what you see in the histograms?
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