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    Ayesha Siddika
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    This document outlines a final project assignment for a business statistics course. Students are asked to analyze demographic and economic data from 15 countries to determine factors that influence life expectancy. They must run regressions in Microsoft Excel to determine the relationships between life expectancy and variables like adult mortality rate, infant deaths, and BMI. Students are then asked to add additional variables for polio immunization rates and measles cases to the regression model. They must compare the explanatory power of the two models and determine which is better. Finally, students are asked to propose an appropriate dummy variable to add to the regression model and provide logical reasoning for their choice.

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    This document outlines a final project assignment for a business statistics course. Students are asked to analyze demographic and economic data from 15 countries to determine factors that influence life expectancy. They must run regressions in Microsoft Excel to determine the relationships between life expectancy and variables like adult mortality rate, infant deaths, and BMI. Students are then asked to add additional variables for polio immunization rates and measles cases to the regression model. They must compare the explanatory power of the two models and determine which is better. Finally, students are asked to propose an appropriate dummy variable to add to the regression model and provide logical reasoning for their choice.

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    38 views2 pages

    Bus+173 +Project+Spring+2022

    Uploaded by

    Ayesha Siddika
    This document outlines a final project assignment for a business statistics course. Students are asked to analyze demographic and economic data from 15 countries to determine factors that influence life expectancy. They must run regressions in Microsoft Excel to determine the relationships between life expectancy and variables like adult mortality rate, infant deaths, and BMI. Students are then asked to add additional variables for polio immunization rates and measles cases to the regression model. They must compare the explanatory power of the two models and determine which is better. Finally, students are asked to propose an appropriate dummy variable to add to the regression model and provide logical reasoning for their choice.

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
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    of 2

    BUS 173- FINAL PROJECT

    Many factors contribute to the life expectancy of individuals from different countries. A project was
    undertaken where data from fifteen countries with comparable demographic and economic variables
    were considered. Following is the list of data from the fifteen countries.

    LIFE EXPECTANCY 71.8 68.3 66.4 74.9 75 68.5 74.9 83.1 69.2 76 68.7 69.1 66.6 77.7 78.5
    ADULT MORTALITY RATE 129 181 161 138 123 211 148 55 165 127 174 176 199 78 61
    INFANT DEATH 123 284 290 110 121 265 112 101 214 143 264 245 236 145 156
    BMI 18.3 18.7 21.6 17.2 14.6 22.2 23.1 21.2 19.1 17.5 19.6 21.7 21.8 17 18.5

    The variables are explained below.

    Life Expectancy - The estimated number of years an individual is expected to live.

    Adult Mortality Rates- The number of people that have the probability of dying between the ages of 15
    to 60 years per 1000 population which considers both genders.

    Infant Deaths- The number of infant deaths (under one year age) per 1000 population

    BMI- Body mass index (BMI) is a measure of body fat based on height and weight that applies to adult
    men and women. This is measured in points and is for the average value for the entire country’s
    population.

    PART 1
    a) Using MICROSOFT EXCEL- run the above regression and copy the output into your assignment word
    document from which you can write down the least square regression line. Write down the least square
    regression line from that specific output. USE THE NAME OF VARIABLES WHEN YOU WRITE THE
    EQUATION.

    b) Interpret all the partial regression coefficients. ENSURE USE OF PROPER UNITS.

    c) Copy that specific output into your assignment word document which indicates the explanatory power
    of the model. Comment on the explanatory power of the regression model from that required output.

    Now to further our research a new segment is introduced. Immunization and disease related factors
    might be influencers of life expectancy. Two other variables were taken into consideration which are
    included in the following table.

    LIFE EXPECTANCY 71.8 68.3 66.4 74.9 75 68.5 74.9 83.1 69.2 76 68.7 69.1 66.6 77.7 78.5
    POL3 85 76 75 86 87 79 85 96 73 88 76 79 74 84 85
    MEASLES 340 560 520 367 390 590 389 134 578 378 589 514 578 323 345

    The variables are explained below.

    Life Expectancy - The estimated number of years an individual is expected to live.

    POL3- Polio immunization coverage among 1-year-olds in percentage


    MEASLES- Number of reported measles cases per 1000 population

    PART 2
    d) Once these two variables are considered - run the new regression using MICROSOFT EXCEL. NOTE- THIS
    IS A SPERATE MODEL WITH TWO INDEPENDENT VARIABLES. Copy the output into your assignment
    word document from which you can write down the new least square regression line. Write down the
    new least square regression line from that specific output. USE THE NAME OF VARIABLES WHEN YOU
    WRITE THE EQUATION.

    e) Interpret all the partial regression coefficients. ENSURE USE OF PROPER UNITS.

    f) Copy that specific output into your assignment word document which indicates the explanatory power
    of the NEW model. Comment on the explanatory power of the NEW regression model from that required
    output.
    PART 3

    g) There are two separate regression models that you have found using separate parameters. Now compare
    these two models using appropriate tables and numbers. Which model is better? Give proper reasoning-
    as to why you arrive at your decision. USE LOGIC AND REASONING LEARNT IN CLASS.

    h) If you were to add a DUMMY VARIABLE in this regression model what would be an appropriate one?
    Why? Give sound logical reasoning and back up your answer. NO INTERNET COPY PASTING FOR THIS
    ANSWER. ALL THE INTERNET ELEMENTS ARE FAMILIAR TO ME, SO BE WARNED.

    Answer all the above questions in a word document- PRINT IT OUT AND THEN SUBMIT. The font you
    shall use to type is Calibri with a font size of 12. In answers that require you to copy the output from
    the excel file- PLEASE DO SO ACCORDINGLY. I would also like a printout of the excel work that you
    have done. Please attach it at the end of the document.

    LISTEN TO MY INSTRUCTIONS. AVOID PLAGIARISM/CHEATING/COPYING FROM


    ONE ANOTHER. THAT IS IF YOU WANT YOUR MARKS. NO LATE OR INCOMPLETE
    SUBMISSIONS- PLEASE.

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