Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
Related questions
Question
Identify the independent variable (IV) and dependent variable (DV) used in the study, and the levels of
measurement of the IV and DV.
![Manufacturing Output (US$ Billion)
GDP (US$ Billion)
Mean
26.40225806 Mean
162.3409677
Standard Error
2.253823127 Standard Error
17.88097749
Median
25.58 Median
127.57
Mode
#N/A Mode
#N/A
Standard Deviation
17.74662105 Standard Deviation
140.7949576
Sample Variance
314.9425588 Sample Variance
19823,22008
Kurtosis
-1.277726557 Kurtosis
-.893583258
Skewness
Range
.123850272 Skewness
57.19 Range
.713440627
449.45
Minimum
1.74 Minimum
8.75
Maximum
58.93 Maximum
458.2
Sum
1636.94 Sum
10065.14
Count
62 Count
62](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F8490aad1-e87f-4615-83bd-6f80385baced%2F739b7ad1-7671-4e49-9e55-96a70b646477%2Fpfc2om_processed.png&w=3840&q=75)
Transcribed Image Text:Manufacturing Output (US$ Billion)
GDP (US$ Billion)
Mean
26.40225806 Mean
162.3409677
Standard Error
2.253823127 Standard Error
17.88097749
Median
25.58 Median
127.57
Mode
#N/A Mode
#N/A
Standard Deviation
17.74662105 Standard Deviation
140.7949576
Sample Variance
314.9425588 Sample Variance
19823,22008
Kurtosis
-1.277726557 Kurtosis
-.893583258
Skewness
Range
.123850272 Skewness
57.19 Range
.713440627
449.45
Minimum
1.74 Minimum
8.75
Maximum
58.93 Maximum
458.2
Sum
1636.94 Sum
10065.14
Count
62 Count
62
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