What is the relationship of age and region to wealth

Assignment Help Basic Statistics

Reference no: EM133954777

Assignment:

The wealth in billions of dollars for 232 billionaires is given in fortune.

(a) Plot the wealth as a function of age using a different plotting symbol for the different regions of the world. Comment on your results.

(b) Repeat the plot of the previous question using a separate panel for each region.

(d) What is the relationship of age and region to wealth? Use sequential ANOVA to deter- mine the best model. Interpret your results.

(e) Check the assumptions of your model using appropriate diagnostics. Consider the possibility of unusual observations and remove these observations if necessary before re-fitting your model.

Reference no: EM133954777

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