Ask Statistics and Probability Expert

The games of the 28th Olympiad were held in Athens, Greece, in the summer of 2004. The data file contains information about 131 of the participating nations, including the following variables.

Medals (Won at Athens Olympics)
Gross Domestic Product ($ Billion)
Population (Million)
Area (Million Sq. Km.)
Infant Deaths Per 1,000 Births
Inflation Rate
Fertility Rate
GDP Growth Rate
Telephones (Million)

The final medal count is perhaps somewhat misleading as a measure of national athletic excellence. For example, the United States won the most medals in absolute terms (Exhibit 1), but isn't even among the top ten in terms of medals per capita (Exhibit 2).

Country              Gold        Silver       Bronze         Total
United States       35            39             29             103
Russia                 27            27             38              92
China                  32            17             14              63
Australia              17            16             16              49
Germany             14            16             18              48
Japan                  16             9              12              37
France                 11             9              13              33
Italy                    10            11             11              32
South Korea          9            12              9               30
United Kingdom     9              9              12              30

Exhibit 1: Top Medal Counts, 2004 Athens Olympics

Country Medals Population Medals/Million Citizens
Bahamas 2 297,477 6.72
Australia 49 19,731,984 2.48
Cuba 27 11,263,429 2.40
Estonia 3 1,408,556 2.13
Slovenia 4 1,935,677 2.07
Jamaica 5 2,695,867 1.85
Latvia 4 2,348,784 1.70
Hungary 17 10,045,407 1.69
Bulgaria 12 7,537,929 1.59
Greece 16 10,665,989 1.50

Exhibit 2: Top Medal Counts per Capita, 2004 Athens Olympics

Add a dummy variable to the data set, representing whether the nation was the host of the Olympics. (Hint: The 2004 Athens Olympic Games were hosted by Greece.) Perform a correlation analysis on all of the variables in the data set, and show the results here in descending order of importance.

Some interesting countries, such as Russia and Jamaica, are excluded from the data set because information was not available for all variables.

1. Add a dummy variable to the data set, representing whether the nation was the host of the Olympics. (Hint: The 2004 Athens Olympic Games were hosted by Greece.) Perform a correlation analysis on all of the variables in the data set, and show the results here in descending order of importance. Explain your results.

2. Show scatter diagrams of the two most important predictors, showing their relationship to "Medals". Use labels to indicate interesting outliers, show a linear trend line, and write something intelligent about your graphs.

3. Create a multiple regression model, based on your analysis above. Try to find the model that has the highest adjusted R-square value for predicting the number of Olympic medals won by a country.

4. Using your model from above, perform a hypothesis test to see whether the true effect of "Area" is less than one medal for every 1,000,000 square kilometers at the 5% level of significance, all other factors taken into account. Find the p-value of your test and explain its meaning.

5. Using your model from above, and assuming the same test, alpha, and variance as in Part 10, what would be the risk of a Type II error if the true effect of "Area" were in fact known to be 0.5 medals per 1,000,000 square kilometers?

6. Using your model from Part 9 above, calculate the residual error in "Medals" for each country. Show the residual errors for the ten countries who most "overperformed" in the Athens Olympics (i.e. won more medals than your model predicted they would) and the ten countries who most "underperformed". Explain your results.

7. Discuss the residual errors in this model. Use charts as appropriate.

8. Do these data provide evidence of a "home field advantage" in the Olympics? In other words, can we conclude that Greece won medals above and beyond what would otherwise been expected because it was the host country?

Statistics and Probability, Statistics

  • Category:- Statistics and Probability
  • Reference No.:- M91592832
  • Price:- $40

Priced at Now at $40, Verified Solution

Have any Question?


Related Questions in Statistics and Probability

Introduction to epidemiology assignment -assignment should

Introduction to Epidemiology Assignment - Assignment should be typed, with adequate space left between questions. Read the following paper, and answer the questions below: Sundquist K., Qvist J. Johansson SE., Sundquist ...

Question 1 many high school students take the ap tests in

Question 1. Many high school students take the AP tests in different subject areas. In 2007, of the 144,796 students who took the biology exam 84,199 of them were female. In that same year,of the 211,693 students who too ...

Basic statisticsactivity 1define the following terms1

BASIC STATISTICS Activity 1 Define the following terms: 1. Statistics 2. Descriptive Statistics 3. Inferential Statistics 4. Population 5. Sample 6. Quantitative Data 7. Discrete Variable 8. Continuous Variable 9. Qualit ...

Question 1below you are given the examination scores of 20

Question 1 Below you are given the examination scores of 20 students (data set also provided in accompanying MS Excel file). 52 99 92 86 84 63 72 76 95 88 92 58 65 79 80 90 75 74 56 99 a. Construct a frequency distributi ...

Question 1 assume you have noted the following prices for

Question: 1. Assume you have noted the following prices for paperback books and the number of pages that each book contains. Develop a least-squares estimated regression line. i. Compute the coefficient of determination ...

Question 1 a sample of 81 account balances of a credit

Question 1: A sample of 81 account balances of a credit company showed an average balance of $1,200 with a standard deviation of $126. 1. Formulate the hypotheses that can be used to determine whether the mean of all acc ...

5 of females smoke cigarettes what is the probability that

5% of females smoke cigarettes. What is the probability that the proportion of smokers in a sample of 865 females would be greater than 3%

Armstrong faber produces a standard number-two pencil

Armstrong Faber produces a standard number-two pencil called Ultra-Lite. The demand for Ultra-Lite has been fairly stable over the past ten years. On average, Armstrong Faber has sold 457,000 pencils each year. Furthermo ...

Sppose a and b are collectively exhaustive in addition pa

Suppose A and B are collectively exhaustive. In addition, P(A) = 0.2 and P(B) = 0.8. Suppose C and D are both mutually exclusive and collectively exhaustive. Further, P(C|A) = 0.7 and P(D|B) = 0.5. What are P(C) and P(D) ...

The time to complete 1 construction project for company a

The time to complete 1 construction project for company A is exponentially distributed with a mean of 1 year. Therefore: (a) What is the probability that a project will be finished in one and half years? (b) What is the ...

  • 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