Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Statistics and Probability Expert

Life expectancy at birth is the average number of years that a person is expected to live. There is huge variation in life expectancies between countries with highest being in japan, and the lowest in some African countries. An important factor for such variability is the availability of suitable health care. Once measure of a person's access to health care is the people-to-physician ration. We expect life expectancy to be lower for countries where this ratio is high. The accompanying table lists a portion of life expectancy of males and females in 40 countries and their corresponding people-to-physician ratio; the complete data, labeled Life Expectancy, are available on the text website.

1060_Life Expectancy.png

a. Construct a scatterplot of female life expectancy against the people-to-physician ratio. Superimpose a linear trend and a logarithmic trend to determine the appropriate model.

b. Estimate a simple linear regression model with life expectancy of females as the response variable and the people-to-physician ratio as the explanatory variable. What happens to life expectancy of females as the people-to-physician ratio decreases from 1,000 to 500?

c. Estimate a logarithmic regression model with the natural log of the people-to-physician ratio as the explanatory variable. What happens to life expectancy of females as the people-to-physician ratio decreases from 1,000 to 500?

d. Use the data in Exercise 19 to answer the same four question regarding life expectancy of males. Who is more likely to benefit from adding more physicians to the population? Explain.

Statistics and Probability, Statistics

  • Category:- Statistics and Probability
  • Reference No.:- M92607379

Have any Question?


Related Questions in Statistics and Probability

1 summary statistics for returns on two stocks x and y are

1. Summary statistics for returns on two stocks X and Y are listed below. Mean Variance Stock X 2.83% 0.006000 Stock Y 5.98% 0.003000 The covariance of returns on stocks X and Y is 0.001500. Consider a portfolio of 80% s ...

According to a field poll 79 of california adults actual

According to a Field Poll, 79% of California adults (actual results are 400 out of 506 surveyed) feel that "education and our schools" is one of the top issues facing California. We wish to construct a 90% confidence int ...

A pharmaceutical company claims that the average cold lasts

A pharmaceutical company claims that the average cold lasts an average of 8.4 days. They are using this as a basis to test new medicines designed to shorten the length of colds. A random sample of 106 people with colds, ...

1 suppose you purchase anbsp30-year zero-coupon bond with a

1) Suppose you purchase a 30?-year, ?zero-coupon bond with a yield to maturity of 6.5 % You hold the bond for five years before selling it. i.  If the? bond's yield to maturity is 6.5 % when you sell? it, what is the ann ...

Youve finally decided to retire at the ripe old age of 50

You've finally decided to retire at the ripe old age of 50, and due to some fancy investing, you have accumulated $750,000 in mutual funds. Based upon genetics, you're likely to live until you're 80. Since you've taken t ...

Two fair dice are rolled and the sum of the points is noted

Two fair dice are rolled and the sum of the points is noted. Find the probability that the sum is 6 given that at least one of the numbers is less than 3.

A large furniture retailer wants to conduct a customer

A large furniture retailer wants to conduct a customer satisfaction survey. Customers are divided into groups based on the amount of money they have spent at the retailer's stores in the past year: less than $2000, from ...

How does a market-maker decide the edge offset required to

How does a market-maker decide the edge (offset) required to perform an options trade? Explain why this edge would be different for options of different strikes as well as for option combinations?

You apply both valuation criteria and financial strength

You apply both valuation criteria and financial strength criteria in choosing stocks. The probability that a randomly selected stock from your investment universe meets your valuation criteria is 0.25. Given that a stock ...

An investor considers investing 10000 in the stock market

An investor considers investing $10,000 in the stock market. He believes that the probability is 0.30 that the economy will improve, 0.40 that it will stay the same, and 0.30 that it will deteriorate. Further, if the eco ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Why might a bank avoid the use of interest rate swaps even

Why might a bank avoid the use of interest rate swaps, even when the institution is exposed to significant interest rate

Describe the difference between zero coupon bonds and

Describe the difference between zero coupon bonds and coupon bonds. Under what conditions will a coupon bond sell at a p

Compute the present value of an annuity of 880 per year

Compute the present value of an annuity of $ 880 per year for 16 years, given a discount rate of 6 percent per annum. As

Compute the present value of an 1150 payment made in ten

Compute the present value of an $1,150 payment made in ten years when the discount rate is 12 percent. (Do not round int

Compute the present value of an annuity of 699 per year

Compute the present value of an annuity of $ 699 per year for 19 years, given a discount rate of 6 percent per annum. As