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(Topic) People with a lot of money experience more happiness than people who have “just enough” money for their needs. Discuss principles and theories that have an effect on happiness.
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50 Observations (all 50 states)
Variables- Male, Female, Bachelor’s Degree, High School Diploma
Dummy Variable- Ethnicity
Y- Happiness
X1- Income
Use Spss and Excel. Run the model explain if it work out or not.
Questions that should be answered in the paper
1. Is the models specification justified by theory
2. Is the sample a reasonable size and is there any reason to believe that it does not represent the relevant population
3. Are the results robust
4. Are the conclusions justified by the evidence presented
