Year: Second Year University Year: 2021/2022

Exam: Final Exam/First Semester Date: 1/24/2022

Program: English Section, Economics Time :Two hours
Applied Statistics Objective Questions: 100%

The exam consists of 5 pages Model NO. 1

Answer the following questions:

The First Question (60 marks = 30 2)

Under each of the following statements a number of possible answers, only one of which
is correct and you are asked to select it (by shading the correct letter in the answer
sheet):
As one of the economic experts, while analyzing the impact of the inflation wave that
is sweeping the whole world countries, on the annual growth in the gross domestic
product (as an indicator of economic growth) in a sample of the countries of the
world (158 countries), you reached the following results:
Where (X) denote the level of inflation, (Y) denote the annual growth in GDP in
different countries.
Study the results well, and then answer the following questions:

 Descriptive Statistics: X; Y
Variable N Mean SE Mean StDev Mini Max
X 158 5.488 0.272 3.418 -3.400 16.400
Y 158 3.168 .............. 6.192 -19.000 17.200
 One-Sample T: X; Y
Test
Null hypothesis H₀: μ = 0
Alternative hypothesis H₁: μ ≠ 0
Sample T-Value P-Value 95% CI for μ
X 20.18 0.000 (4.951; 6.025)
Y 6.43 0.000 (2.195; 4.141)
 Two-Sample T-Test and CI: X; Y
Method Test
μ₁: mean of X Null hypothesis H₀: μ₁ - µ₂ = 0
µ₂: mean of Y Alternatve hypothesis H₁: μ₁ - µ₂ > 0
Difference: μ₁ - µ₂ T-Value DF P-Value
Equal variances are not assumed for this analysis.
4.12 244 0.000
Estimation for Difference
99% CI for
Difference Difference
2.320 (0.860; 3.781)

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 Model NO. 1
After exploring the data, some abnormal observations were excluded (19 abnormal
observations) and by analyzing the remaining group of observations (139 countries
only), we obtained the following results:

15

10
 Correlation: X; Y
Correlations

X
5
Pearson correlation 0.182
P-value 0.032 0

-5
-20 -10 0 10 20
Y

 Regression Analysis: Y versus X

Analysis of Variance
Source DF SS MS F-Value P-Value
Regression 1 ........ ....... 4.68 0.032
Error …… 2823.97 20.61
Total 138 ........

Model Summary
S R-sq R-sq(adj) R-sq(pred)
4.54014 3.30% 2.60% 0.71%

Coefficients
Term Coef SE Coef T-Value P-Value
Constant 2.233 0.796 2.81 0.006
X 0.283 0.131 2.16 0.032

1- The standard error of the mean for growth rate in GDP Y = ........
a) 6.192 b) 0.392 c) 0.493 d) 0.252
2- As a result of examining the descriptive statistics of the two variables, we can conclude
that the general level of the inflation rate ……………the general level of the growth rate
in the GDP.
a) More than b) less than c) equals d) None of the above
According to the sample data, The best rate of growth in GDP……………..
3-
a) 6.192 b) -19 c) 17.2 d) 3.168
4- According to the sample data, The best inflation rate = ……..
a) 3.418 b) -3.4 c) 16.4 d) 5.488

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 Model NO. 1
We are confident with a 95% confidence level that the minimum inflation rate is not less
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than.........
a) 5.488 b) 3.418 c) 16.4 d) 4.951
When testing the claim that inflation rate average = zero, the test statistic = .......
6-
a) 0.000 b) 20.18 c) 5.488 d) 6.025
At significance level 1%, we can decided to accept the following hypothesis about the
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inflation rate average
a) 0 b) =0 c) >0 d) <0
We are confident with a 95% confidence level that the maximum growth rate in the GDP
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is no more than.........
a) 3.168 b) 4.141 c) 2.195 d) 17.2
When testing the claim that the GDP growth rate average = 0, the probability value =.......
9-
a) 6.43 b) 0.000 c) 2.195 d) 4.141

10- Point estimation for the difference between - =……. (Estimate the difference
between the inflation rate average and the growth rate average)
a) 2.32 b) 0.00 c) 0.86 d) 3.781

11- We are confident with a 99% confidence level that the minimum difference between the
inflation rate and the growth rate is not less than……….
a) 3.781 b) 2.32 c) 0.86 d) 1.003

12- At significance level 1%, we can make the following decision:

a) not different from b) different from
c) greater than d) less than

13- The Pearson's correlation coefficient between the two variables = ……..
a) 0.032 b) 0.182 c) 0.283 d) 2.233

14- The correlation coefficient between the two variables shows that the relationship between
them at significance level 5% is ………
a) significant, positive and strong b) significant, positive and week
c) Non-significant, positive and weak d) Non-significant, negative and weak
The correlation coefficient between the two variables shows that the relationship between
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them at significance level 1% is ………
a) significant, positive and strong b) significant, positive and week
c) Non-significant, positive and weak d) Non-significant, negative and weak

16- The regression model analysis of variance results show that the error (DF) degrees of
freedom are equal to …..
a) 1 b) 137 c) 138 d) 139

17- The regression model analysis of variance results show that the regression Sum of
squares (SS)= …
a) 20.61 b) 2823.97 c) 96.52 d) 2920.48

18- The regression model analysis of variance results show that the regression mean of
squares (MS)= …
a) 20.61 b) 96.52 c) 2920.48 d) 2823.97

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 Model NO. 1
The regression model analysis of variance results show that the regression total sum of
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squares (TS)= …
a) 20.61 b) 2823.97 c) 96.52 d) 2920.48
The regression model analysis of variance results show that the test statistic is……
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a) 0.032 b) 4.68 c) 2.233 d) 3.3
The model explanatory power (the coefficient of determination) is
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a) 3.3 b) 0.283 c) 4.68 d) 0.182

22- testing the significance of the regression coefficient at significance level 1%, the
following hypothesis is accepted:
a) =0 b) the regression line slope = 0
c) There is no significant effect of the inflation rate d) all the above
on the growth rate of GDP
The estimated linear regression equation can be written as follows
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a) Y = 2.233 + 0.283 X b) X = 2.233 + 0.283 Y c) Y = 0.283 + 2.233 X d) Y = 0.796 + 0.131 X
The regression coefficient significance test has test statistic =…..
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a) 0.283 b) 0.131 c) 2.16 d) 0.032

25- If the inflation in a country reaches 20, we expect the growth rate in the GDP be =……
a) 7.893 b) 44.943 c) 3.416 d) None of the above

 The following is part of the producer price index bulletin (PPI) for December 2020,
January 2021, please study and use it to answer the following questions:

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 Model NO. 1
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The base period used for calculating the index numbers in the attached bulletin is …….
a) January 2021 b) January 2020 c) December 2020 d) January 2016
The increase amount in Transportation and Storage activity in January 2021 compared
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to January 2016 is…
a) 147.2% b) 2.6% c) 4.8% d) 47.2%
By comparing the producer price index (PPI) in January 2021 compared to January 2020
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in the accommodation and food services activity.
a) increase by 1.6% b) decrease by 5.6% c) decrease by 3.2% d) increase by 2.6%

29- The most economic activities that have changes in (PPI) in the period January 2021
compared to January 2020
a) Electricity, gas, steam and air conditioning supply b) Manufacturing
c) Mining and Quarrying d) Information and Communication
30- The (PPI) change in the agricultural and fishing activities in January 2021 compared to
December 2020
a) -1 b) -1.7 c) -1.5 d) 2.5

Some rules that the student may need

“Note: All results and relationships that you reached during the exam are real results for
2021 data.”
Good Luck!
5 Dr. Ahmed EL-Kotory