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How correlated are gross state product per capita

Research Paper Assignment

Assume that your company assigned you to work on the impact of education spending on unemployment and graduation rates. The attached xls file covers a 31-year period of data gathered for a state. Open the attached file including the data and start analyzing the data using statistical analysis tools depending on the nature of the questions. You can use Excel's insert function to compute the correlations between the variables.

1. How correlated are gross state product per capita and education spending per student? Compute and analyze the results.

2. How correlated are gross state product per capita and unemployment rates? Compute and analyze the results.

3. How correlated are gross state product per capita and graduation rates? Compute and analyze the results.

4. After reviewing the data, what hypotheses would you come up with? (An example hypothesis: The higher per capita income the state has, the more it spends on education).

5. From regression analysis point of view, how would you predict the impact of independent variable (gross state product per capita) on dependent variables (education spending per student; unemployment rates; and high school graduation rates)? Briefly explain based on your general knowledge. You do not need to compute or run any statistical tools.

Format your assignment according to the following formatting requirements:

1. The answer should be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides.

2. The response also include a cover page containing the title of the assignment, the student's name, the course title, and the date. The cover page is not included in the required page length.

3. Also Include a reference page. The Citations and references should follow APA format. The reference page is not included in the required page length.

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