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Q1. A study in the journal "Logistics Technology International" listed the Gross Domestic Product (in dollars x106) for

Posted: Fri Dec 24, 2021 10:03 am
by answerhappygod
Q1 A Study In The Journal Logistics Technology International Listed The Gross Domestic Product In Dollars X106 For 1
Q1 A Study In The Journal Logistics Technology International Listed The Gross Domestic Product In Dollars X106 For 1 (60.08 KiB) Viewed 83 times
Q1. A study in the journal "Logistics Technology International" listed the Gross Domestic Product (in dollars x106) for eleven European countries together with the estimated total bill for logistics activities in each (also in dollars x10). The results are shown in the table below: Country Belgium Denmark France Germany Greece Ireland Italy Netherlands Portugal Spain U.K. GDP 585,474 581,425 1,092,394 1,170,630 442,436 475,262 995,451 566,404 504,155 795,503 1,105,223 Logistics Bill 72,872 73,661 102,656 135,986 53,942 58,285 123,954 61,469 44,240 66,612 90,492 (a) Plot the graph between Logistics Bill and GDP. (5 marks) (b) Does the data support the belief that the Logistics Bill is dependent on the GDP for the various countries? (10 marks) (C) If so, find the relationship between them and the 95% confidence interval for the regression coefficient (5 marks) (d) What Logistics Bill would be expected for a country with a GDP of $600,000 million dollars at a 95% prediction interval? (5 marks) (e) Show whether or not the data suggest that the plotted line could pass through the origin (5 marks) (1) Looking at the plotted relationship and its calculated strength. what concerns peculiarities would you like to point out as a data analyst advisor? (10 marks)