Overview
Please use the provided Excel sheet to answer the following:
A. Calculate the following summary statistics:
The percentage of females in the sample
The percentage of respondents living in cities
The percentage of rich individuals in the sample
The average level of life satisfaction in the sample
B. Provide clear definitions of all variables used in Part A and explain the reasoning behind how you defined them.
C. Using the data, determine whether females report higher life satisfaction than males. If yes, quantify the difference. Also, clearly define the variables used and justify your definitions.
D. Compare the average life satisfaction of poor men living in cities with that of rich females. State whether there is a difference and by how much. Again, clearly define all variables used and explain your reasoning.