NOTE: This Regression Model used the "Enter" MethodLinear RegressionModel Summary - Happiness ScoreModelRRANOVAModelH₁CoefficientsModelH₂0.0000.901Sum of Squares160.10536.966197.071Note. The intercept model is omitted, as no meaningful information can be shown.RegressionResidualTotal(Intercept)(Intercept)GDP per CapitaFamilyLife ExpectancyDescriptivesFreedomGenerosityGovernment Corruption0.0000.812Happiness ScoreGDP per CapitaFamilyLife ExpectancyFreedomGenerosityCovernment CorruptionAdjusted R0.0000.805155155155155155155155dfMean5.3540.9851.189RMSE R' Change F Change df11.1310.0000.5000.8125.3541.7430.7841.1181.2891.4760.3810.8270.5510.4090.2470.123148154Mean Square26.6840.250Unstandardized Standard Error Standardized0.0910.1870.2050.2020.3220.3430.3290.484SD1.1310.4210.2870.2370.1500.1350.102106.836SE0.0910.0340.0230.0190.0120.0110.008FP106.836 <.0010.2920.2840.2700.1960.0450.074d12154148<.00195% CILower Upper58.924 <.0015.1755.5349.303 <.001 1.3732.1131.1893.836 <.001 0.3800.718 1.5174.009 <.001 0.654 1.9245.532 <.0014.309 <.0010.7992.1531.156 0.250 -0.2701.0321.7070.090-0.1301.784 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?

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

Chapter4A: Problems In Applying The Linear Regression Model

Section: Chapter Questions

Problem 1E

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