Perform Analyses using MegaStat statistical software

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timer Asked: Feb 5th, 2019
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Question Description

Use the “Midwest State Data Set” reference to complete assignment. You will be doing descriptive statistics calculations in Megastat. Submit both your Word file (one file) and your Excel file (one file) with the MegaStat output.

Use MegaStat statistical software to perform the following analyses:

  1. For the variables “State GDP, “State Sales Tax Revenue," and "Personal Consumption Spending" compute the following descriptive statistics:

Mean, median, standard deviation, interquartile range, 25th and 75th percentiles, compute outliers, and apply the empirical rule as well to each variable all using Megastat.

2. Based upon the statistics generated in question #1 write up a short analytical report of what you found. Do this in a Word file please.This means you interpret all of the statistical output asked for in question #1. Create a table to accompany your interpretation, make sure you answer the question. Correctly interpret the statistical findings so DO NOT JUST GIVE ME OUTPUT, be specific. Use the reference attached below to answer questions.

Include the excel file with all output from Megastat for #1 as well as a Word doc to answer question #2.

Please be very thorough and answer all parts of the questions.

Unformatted Attachment Preview

Observation Year 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 Median Per Capita State Household % BS or % Unemployment Personal Sales Tax State Income higher Poverty Rate State GDP Income Revenue MO 44579 24,3 13,8 4,87 240613 34144 3100045 MO 46005 24,5 13,3 5,08 250088 35562 3272919 MO 46038 25,0 13,5 6,18 250436 37289 3228274 MO 48769 25,2 14,6 9,26 255865 36425 3030477 MO 45817 25,6 15,3 9,58 257225 36735 2919117 MO 45774 26,1 15,8 8,49 266245 38119 2972654 MO 49764 26,4 16,2 6,98 275911 39865 3103410 MO 46303 27,0 15,8 6,73 282535 39864 3154531 MO 56630 27,5 15,5 6,13 291764 41141 3285563 MO 59196 27,8 14,8 4,99 297074 42406 3380034 MO 55016 28,5 14,0 4,58 304898 42939 3536396 KS 45552 28,6 12,2 4,39 113362 35353 2934408 KS 48497 28,8 11,2 4,24 122498 37865 3057029 KS 47877 29,6 11,3 4,63 128108 41179 3091221 KS 44717 29,5 13,2 6,87 123986 39204 3044904 KS 46054 29,8 13,5 7,06 128542 39212 2962674 KS 46147 30,1 13,8 6,49 136884 42532 3332967 KS 50003 30,4 14,0 5,73 140964 44810 3685595 KS 47820 31,1 13,9 5,31 143471 45865 3742916 KS 53444 31,5 13,5 4,53 148368 46565 3890900 KS 54865 31,7 12,9 4,15 151677 47009 3977806 KS 56810 32,8 12,2 4,03 154806 47221 4324953 IL 48671 28,9 12,3 4,57 621232 40124 14148063 IL 52506 29,5 11,9 4,96 646665 42265 14914827 IL 53254 29,9 12,2 6,31 642698 43358 14884175 IL 52870 30,6 13,3 10,20 638032 40994 13833076 IL 50728 30,8 13,8 10,37 653476 41699 12932636 IL 50637 31,0 14,9 9,69 679776 43716 13613627 IL 51738 31,6 14,7 8,99 711370 45627 14295688 IL 53937 32,1 14,6 9,04 721876 46607 14719741 IL 54916 32,8 14,3 7,10 751333 48809 15758509 IL 60413 32,9 13,6 5,97 778353 50745 16102948 IL 61386 34,0 13 5,82 796906 51679 18524265 NE 48145 26,9 11,3 3,13 77547 35512 1409015 NE 49174 27,5 11,1 3,00 81926 38082 1484170 NE 50728 27,1 10,8 3,34 84873 40248 1534134 NE 49595 27,4 12,2 4,64 86961 39226 1504174 NE 52504 28,6 12,6 4,63 92231 40520 1442951 NE 55616 27,9 12,9 4,39 99935 44882 1542620 NE 52196 29,0 12,8 4,02 101973 46087 1570450 NE 57623 29,4 12,9 3,77 106765 45905 1669380 NE 56870 29,5 12,3 3,27 112170 48425 1763695 NE 60474 30,2 12,2 3,02 116111 49572 1787880 2016 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 NE MN MN MN MN MN MN MN MN MN MN MN WI WI WI WI WI WI WI WI WI WI WI 59374 56211 58058 54925 56090 52321 57820 61795 64324 67244 68730 70218 51692 51277 51200 51237 50351 52058 53079 51726 58080 55425 59817 31,4 30,4 31 31,5 31,5 31,8 32,4 33,2 33,5 34,3 34,7 34,8 25,1 25,4 25,7 25,7 26,3 26,5 27,1 27,7 28,4 19,6 20,8 11,3 9,7 9,5 9,6 10,9 11,5 11,8 11,4 11,2 11,4 10,2 9,9 10,9 10,8 10,5 12,4 13,2 13,1 13,2 13,5 13,2 12,1 11,8 3,09 3,99 4,57 5,44 7,77 7,41 6,49 5,62 4,97 4,18 3,68 3,87 4,74 4,89 4,93 8,58 8,64 7,76 7,03 6,70 5,42 4,53 4,01 118945 250027 258917 264299 258166 269937 282397 292920 304063 317648 326221 338746 235787 243632 244546 244995 252875 262463 272420 281569 291258 303826 314247 50016 39407 41258 42980 40739 42122 44639 47236 47274 49248 51139 51990 36133 37573 38873 38012 38596 40777 42575 42774 44351 46025 46809 1783498 4437407 4470596 4550838 4375200 4426608 4657395 4942140 5711442 5398173 5483791 5583910 4127972 4158611 4268068 4084147 3944260 4109019 4288739 4410130 4628338 4892126 5058789 Personal Consumption Spending 170798 178392 185602 185162 190136 198531 205348 209664 214903 222193 228648 78513 82446 85416 84034 86066 90186 93120 95250 98871 101748 104615 406351 426269 434148 426622 439765 457519 470159 479416 497767 515714 534750 53022 55523 57603 56921 59245 62335 64539 66445 69145 71447 74320 176835 183457 188609 185745 191522 200958 207970 214193 222726 231852 242489 171637 178365 183930 181736 186413 194251 198080 203201 210521 216932 224143 Correlation Matrix Unemployment Rate % BS or higher Unemployment Rate 1,000 -,023 % BS or higher 1,000 66 sample size ± .242 critical value .05 (two-tail) ± .315 critical value .01 (two-tail) Correlation Matrix % BS or higher State GDP % BS or higher 1,000 ,291 State GDP 1,000 66 sample size ± .242 critical value .05 (two-tail) ± .315 critical value .01 (two-tail) Correlation Matrix % BS or higher % Poverty % BS or higher 1,000 -,202 % Poverty 1,000 66 sample size ± .242 critical value .05 (two-tail) ± .315 critical value .01 (two-tail) Correlation Matrix Median Household Income % BS or higher Median Household Income 1,000 ,525 % BS or higher 1,000 66 sample size ± .242 critical value .05 (two-tail) ± .315 critical value .01 (two-tail) Observation Year 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 Median Per Capita State Household % BS or % Unemployment Personal Sales Tax State Income higher Poverty Rate State GDP Income Revenue MO 44579 24,3 13,8 4,87 240613 34144 3100045 MO 46005 24,5 13,3 5,08 250088 35562 3272919 MO 46038 25,0 13,5 6,18 250436 37289 3228274 MO 48769 25,2 14,6 9,26 255865 36425 3030477 MO 45817 25,6 15,3 9,58 257225 36735 2919117 MO 45774 26,1 15,8 8,49 266245 38119 2972654 MO 49764 26,4 16,2 6,98 275911 39865 3103410 MO 46303 27,0 15,8 6,73 282535 39864 3154531 MO 56630 27,5 15,5 6,13 291764 41141 3285563 MO 59196 27,8 14,8 4,99 297074 42406 3380034 MO 55016 28,5 14,0 4,58 304898 42939 3536396 KS 45552 28,6 12,2 4,39 113362 35353 2934408 KS 48497 28,8 11,2 4,24 122498 37865 3057029 KS 47877 29,6 11,3 4,63 128108 41179 3091221 KS 44717 29,5 13,2 6,87 123986 39204 3044904 KS 46054 29,8 13,5 7,06 128542 39212 2962674 KS 46147 30,1 13,8 6,49 136884 42532 3332967 KS 50003 30,4 14,0 5,73 140964 44810 3685595 KS 47820 31,1 13,9 5,31 143471 45865 3742916 KS 53444 31,5 13,5 4,53 148368 46565 3890900 KS 54865 31,7 12,9 4,15 151677 47009 3977806 KS 56810 32,8 12,2 4,03 154806 47221 4324953 IL 48671 28,9 12,3 4,57 621232 40124 14148063 IL 52506 29,5 11,9 4,96 646665 42265 14914827 IL 53254 29,9 12,2 6,31 642698 43358 14884175 IL 52870 30,6 13,3 10,20 638032 40994 13833076 IL 50728 30,8 13,8 10,37 653476 41699 12932636 IL 50637 31,0 14,9 9,69 679776 43716 13613627 IL 51738 31,6 14,7 8,99 711370 45627 14295688 IL 53937 32,1 14,6 9,04 721876 46607 14719741 IL 54916 32,8 14,3 7,10 751333 48809 15758509 IL 60413 32,9 13,6 5,97 778353 50745 16102948 IL 61386 34,0 13 5,82 796906 51679 18524265 NE 48145 26,9 11,3 3,13 77547 35512 1409015 NE 49174 27,5 11,1 3,00 81926 38082 1484170 NE 50728 27,1 10,8 3,34 84873 40248 1534134 NE 49595 27,4 12,2 4,64 86961 39226 1504174 NE 52504 28,6 12,6 4,63 92231 40520 1442951 NE 55616 27,9 12,9 4,39 99935 44882 1542620 NE 52196 29,0 12,8 4,02 101973 46087 1570450 NE 57623 29,4 12,9 3,77 106765 45905 1669380 NE 56870 29,5 12,3 3,27 112170 48425 1763695 NE 60474 30,2 12,2 3,02 116111 49572 1787880 2016 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 NE MN MN MN MN MN MN MN MN MN MN MN WI WI WI WI WI WI WI WI WI WI WI 59374 56211 58058 54925 56090 52321 57820 61795 64324 67244 68730 70218 51692 51277 51200 51237 50351 52058 53079 51726 58080 55425 59817 31,4 30,4 31 31,5 31,5 31,8 32,4 33,2 33,5 34,3 34,7 34,8 25,1 25,4 25,7 25,7 26,3 26,5 27,1 27,7 28,4 19,6 20,8 11,3 9,7 9,5 9,6 10,9 11,5 11,8 11,4 11,2 11,4 10,2 9,9 10,9 10,8 10,5 12,4 13,2 13,1 13,2 13,5 13,2 12,1 11,8 3,09 3,99 4,57 5,44 7,77 7,41 6,49 5,62 4,97 4,18 3,68 3,87 4,74 4,89 4,93 8,58 8,64 7,76 7,03 6,70 5,42 4,53 4,01 118945 250027 258917 264299 258166 269937 282397 292920 304063 317648 326221 338746 235787 243632 244546 244995 252875 262463 272420 281569 291258 303826 314247 50016 39407 41258 42980 40739 42122 44639 47236 47274 49248 51139 51990 36133 37573 38873 38012 38596 40777 42575 42774 44351 46025 46809 1783498 4437407 4470596 4550838 4375200 4426608 4657395 4942140 5711442 5398173 5483791 5583910 4127972 4158611 4268068 4084147 3944260 4109019 4288739 4410130 4628338 4892126 5058789 Personal Consumption Spending 170798 178392 185602 185162 190136 198531 205348 209664 214903 222193 228648 78513 82446 85416 84034 86066 90186 93120 95250 98871 101748 104615 406351 426269 434148 426622 439765 457519 470159 479416 497767 515714 534750 53022 55523 57603 56921 59245 62335 64539 66445 69145 71447 Unemployment % BS or Rate higher State GDP 4,87 24,3 240613 5,08 24,5 250088 6,18 25,0 250436 9,26 25,2 255865 9,58 25,6 257225 8,49 26,1 266245 6,98 26,4 275911 6,73 27,0 282535 6,13 27,5 291764 4,99 27,8 297074 4,58 28,5 304898 4,39 28,6 113362 4,24 28,8 122498 4,63 29,6 128108 6,87 29,5 123986 7,06 29,8 128542 6,49 30,1 136884 5,73 30,4 140964 5,31 31,1 143471 4,53 31,5 148368 4,15 31,7 151677 4,03 32,8 154806 4,57 28,9 621232 4,96 29,5 646665 6,31 29,9 642698 10,20 30,6 638032 10,37 30,8 653476 9,69 31,0 679776 8,99 31,6 711370 9,04 32,1 721876 7,10 32,8 751333 5,97 32,9 778353 5,82 34,0 796906 3,13 26,9 77547 3,00 27,5 81926 3,34 27,1 84873 4,64 27,4 86961 4,63 28,6 92231 4,39 27,9 99935 4,02 29,0 101973 3,77 29,4 106765 3,27 29,5 112170 3,02 30,2 116111 74320 176835 183457 188609 185745 191522 200958 207970 214193 222726 231852 242489 171637 178365 183930 181736 186413 194251 198080 203201 210521 216932 224143 3,09 3,99 4,57 5,44 7,77 7,41 6,49 5,62 4,97 4,18 3,68 3,87 4,74 4,89 4,93 8,58 8,64 7,76 7,03 6,70 5,42 4,53 4,01 31,4 30,4 31 31,5 31,5 31,8 32,4 33,2 33,5 34,3 34,7 34,8 25,1 25,4 25,7 25,7 26,3 26,5 27,1 27,7 28,4 19,6 20,8 118945 250027 258917 264299 258166 269937 282397 292920 304063 317648 326221 338746 235787 243632 244546 244995 252875 262463 272420 281569 291258 303826 314247 Data Source: FRED Graph Observations Federal Reserve Economic Data Link: https://fred.stlouisfed.org Help: https://fred.stlouisfed.org/help-faq Economic Research Division Federal Reserve Bank of St. Louis Variables Observation Year State Median Houshold Income % BS or Higher % Poverty Unemployment Rate State GDP Per Capita Personal Income State Sales Tax Revenue Personal Consumption Spending Year in which data collected MO=Missouri, KS=Kansas, IL=Illinois, NE=Nebraska, MN=Minnesota, WI= Median Household Income in State, Current Dollars, Annual, Not Seasona Bachelor's Degree or Higher for State, Percent, Annual, Not Seasonally A Estimated Percent of People of All Ages in Poverty for State, Percent, Ann Unemployment Rate in State, Percent, Yearly Average, Seasonally Adjust Total Gross Domestic Product for State, Millions of Dollars, Annual, Not S Per Capita Personal Income in State, Dollars, Annual, Not Seasonally Adj State Government Tax Collections, General Sales and Gross Receipts Ta Personal Consumption Expenditures for goods & services: Total for State and Gross Receipts Taxes in State, Thousands of Dollars, Annual, Not Seasonally Adjusted ...
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Tutor Answer

psumanrec
School: Cornell University

Please find answer.Thank you.

Running head: MEGASTAT

1

MegaStat
Name
University Name
Course
Feb 08, 2019

MEGASTAT

2
Descriptive Statistics

The purpose of the paper is to present descriptive statistics of, “State GDP, “State
Sales Tax Revenue," and "Personal Consumption Spending." All the variables are
quantitative and measured on a ratio/interval scale. The total sample size for the study was
found to b 66.
State GDP
The average state GDP was found to be 292385.35 with a standard deviation of
197676.13.Considering the Mid-West regions of the US, 50% of the state had GDP higher
than 257695.50.Further, 25% and 75% of the observation was found to have a state GDP
lower than 137904 and 304003.75 respectively. The spread of the middle 50% of the dataset
was found to be 166099.75.In order to identify outliers, a box plot was a draw. The box plot
shows the presence of a significant number of outliers in the dataset (Appendix A). Based on
the empirical rule, 75.8%, 92.4% and 100% of the observations were found to lie within one,
two and three standard deviation respectively.
State Sales Tax Revenue
The average state sales tax revenue was found to be 5397818.39 with a standard
deviation of 4453445.2.Considering the Mid-West regions of the US, 50% of the state had
sales tax revenue higher than 4030976.5.Further, 25% and 75% of the observation was found
to have a state sales tax revenue lower than 3047935.25 and 4929636.5 respectively. Further,
the spread of the middle 50% of the dataset was found to be 1881701.25.The box plot showed
the presence of a significant number of outliers in the dataset (Appendix A). Based on the
empirical rule, 83.3%, 90.9% and 100% of the observations were found to lie within one, two
and three standard deviation respectively.

MEGASTAT

3
Personal Consumption Spending

The average personal consumption spending was found to be 202488.36with standard
deviation of 131582.10.Considering the Mid-West regions of the US, 50% of the state had
personal consumption spending higher than 186079.Further, 25% and 75% of the observation
was found to have a personal consumption spending lower than 90919.5 and 220877.75
respectively. The spread of the middle 50% of the dataset was found to be 129958.25. The
box plot shows the presence of a significant number of outliers in the dataset (Appendix A).
Based on the empirical rule, 69.7%, 92.4% and 100% of the observations were found to lie
within one, two and three standard deviation respectively.

MEGASTAT

4
Appendix A

Descriptive Statistics

BoxPlot

0

100000 200000 300000 400000 500000 600000 700000 800000 900000
State GDP

BoxPlot

0

5000000

10000000
15000000
State Sales Tax Revenue

20000000

MEGASTAT

5

BoxPlot

0

100000

200000
300000
400000
500000
Personal Consumption Spending

600000

700000


Observation
Year
2006
2007
2008
2009
2010
2011
2012
2013
2014
2015
2016
2006
2007
2008
2009
2010
2011
2012
2013
2014
2015
2016
2006
2007
2008
2009
2...

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Review

Anonymous
Good stuff. Would use again.

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