University : The University of Adelaide UniLearnO is not sponsored or endorsed by this college or university.
Subject Code : ECON2515
Country : Australia

Assignment Task 


A life insurance company wishes to examine the relationship between the amount of life insurance held by a family and family income. From a random sample of 20 households, the company collected the data in the file insured. The data are in units of thousands of dollars. In this question, you must use STATA wherever possible.

  • Use STATA to provide summary statistics for each variable. 
  • Create scatter plots and histograms of the variables. Ensure you have correctly labeled the axes, being careful of the choice of variable for each axis. 
  • Estimate the linear regression model between INSURANCE and INCOME. Be careful in choosing your dependent variable and independent variable. 
  • Write down the fitted regression model. 
  • Using Stata, plot the sample regression function against the scatter plot of the data. 
  • Estimate insurance at the 1st, 2nd, and 3rd quartiles of income. (Hint: use the summarize command with the detail option). 
  • Write a separate short (1 page) report summarizing your results from parts (a) to (f) above. 

This ECON2515 – Economics has been solved by our PHD Experts at Unilearno. Our Assignment Writing Experts are efficient to provide a fresh solution to this question. We are serving more than 10000+ Students in Australia, UK and US by helping them to score HD in their academics. Our Experts are well trained to follow all marking rubrics and referencing style.

Be it a used or new solution, the quality of the work submitted by our assignment experts remains unhampered. You may continue to expect the same or even better quality with the used and new assignment solution files respectively. There’s one thing to be noticed that you could choose one between the two and acquire an HD either way. You could choose a new assignment solution file to get yourself an exclusive, plagiarism (with free Turnitin file), expert quality assignment or order an old solution file that was considered worthy of the highest distinction.

Eureka! You've stumped our genius minds (for now)! This exciting new question has our experts buzzing with curiosity. We can't wait to craft a fresh solution just for you!

  • Uploaded By : Brayden
  • Posted on : January 23rd, 2024

Whatsapp Tap to ChatGet instant assistance