Statistics Executive Summary 2022

Running head: STATISTICS
Statistics
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STATISTICS
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Executive Summary
The study analyse the satisfaction of life versus gross domestic product in per capita among
35 selected countries all over the world. In this study test and shows of some variables by
descriptive and inferential ways. The variables of the study are the average life satisfaction
and Gross Domestic Product (GDP) per capita. In the part of descriptive statistics central
tendency and dispersion has been shown. Also in the inferential statistics linear regression
model and t-test of hypothesis has been defined. All the descriptive and inferential statistics
are done depends upon the average life satisfaction and Gross Domestic Product (GDP).
Moreover the graphical representation shows the normality and fluctuation of the data.

STATISTICS
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Table of Contents
Executive Summary...................................................................................................................1
Introduction................................................................................................................................3
Method.......................................................................................................................................4
Discussion and Analysis............................................................................................................5
Recommendation and Conclusion............................................................................................12
References and Bibliography...................................................................................................13
Appendices...............................................................................................................................14

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Introduction
The satisfaction of life of a person is defined as the perseverance of life contrary to
the present feelings. Sometimes it is defined as an increasing monotonic function with respect
to income of a person. The study provides the satisfaction of life and gross domestic product
per capita among the selected countries (Balestra, Boarini & Tosetto, 2018). The main
hypothesis of the study is to show the relationship between the life satisfaction and the gross
domestic product per capita. From the point of purchasing power and parity a riches power of
the country is on the downward direction when the nation has a gross domestic product fewer
than 15,000 USD (Brown, Oueslati & Silva, 2016). The presence of high or low gross
domestic product and satisfaction of life of a people defines the economic condition of a
country. The study reflect the relation between satisfaction of life and gross domestic product
by simple linear regression model.