Given the regression model above, do each of the following: A Make a claim about the fit of the model for Model #1.B Make a claim about the significance, degree, and form of the Literacy Rate variable as shown in the table for Model #1. C Write a paragraph to compare Model #1 vs. Model #2 and discuss the effect of the control variable (democracy or not). Use as much of the information from the table above as appropriate.(Hint - don't just discuss control, discuss changes to the fit of model, changes in coefficients, etc.). D Write out the equation of Model #2. E. For Model #2, estimate the government effectiveness score for a democratic country with a literacy rate of 68 and GDP per capital of $20,000. (Hint: Government effectiveness ranges from 0 to 100.) 16. A researcher was trying to find important factors that influenced a government's effectiveness. Theresearcher was interested in the simultaneous effect of literacy rate and GDP per capita (in 10K USdollars) on government effectiveness. However, the researcher suspected that the regime type -whether a country has a democratic regime - probably related to literacy rate, GDP or governmenteffectiveness, so decided to control for the effect of being a democracy.The researcher used data from the 2012 World Dataset. The dependent variable, governmenteffectiveness, ranged from 0 to 100 where 100 means a fully effective government and 0 means acompletely ineffective government.OLS Regression Models Estimating Government EffectivenessModel 1SE0.0611.226Literacy RateGDP per capita in 10K $Democracy (1=Dem, 0=Non-dem)InterceptModel Statistics(Source: 2012 World Dataset)B0.18717.39719.9484.74F(2, 139) 155.645R²n0.575140P0.0020.0000.000B0.09917.011- 0.10719.216Given the regression model above, do each of the following:Model 2SE0.0621.2440.0244.7390.000 F(3, 138) 105.674R²n0.697139P0.1290.0000.0190.0000.000

Since there are multiple sub-parts, as per the honor code the first three sub-parts will be solved.…

Answered: A Make a claim about the fit of the…

18th Edition

ISBN:9780079039897

Author:Carter

Publisher:Carter

Chapter10: Statistics

Section10.6: Summarizing Categorical Data

Problem 25PPS

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Given the regression model above, do each of the following:

A Make a claim about the fit of the model for Model #1.
B Make a claim about the significance, degree, and form of the Literacy Rate variable as shown in the table for Model #1.
C Write a paragraph to compare Model #1 vs. Model #2 and discuss the effect of the control variable (democracy or not). Use as much of the information from the table above as appropriate.
(Hint - don't just discuss control, discuss changes to the fit of model, changes in coefficients, etc.).
D Write out the equation of Model #2.
E. For Model #2, estimate the government effectiveness score for a democratic country with a literacy rate of 68 and GDP per capital of $20,000. (Hint: Government effectiveness ranges from 0 to 100.)