Happyness Index & Gross domestic product Correlation
Hwa Joon Choi
Tzu Min Lin
Does prosperity make people more comfortable?
The relationship between GDP per capita plus the Happy Entire world Index (HPI)
All of us investigated the partnership between Major Domestic Product (GDP) every capita as well as the Happy Planet Index (HPI), using data collected from your census and the results of the 2012 HPI by the New Economics Basis (NEF) as well as the GDP every capita info published by the World Financial institution (http://data.worldbank.org/indicator/NY.GDP.PCAP.CD). The 2012 HPI shows the extent where 151 countries across the globe create long, happy and eco friendly lives pertaining to the people that reside in these people. The Index uses global data in three standards: life expectancy (LE), experienced well being (EW) and Ecological Footprint (EF) to calculate this. It rates countries how many lengthy and completely happy lives that they produce every unit of environmental input. (Happy Planet Index: http://www.happyplanetindex.org/data)
Why use a Scatter Graph?
We were interested in identifying the relation between wealth and happiness, based on the following questions: i) Do they offer a positive romance between profits and pleasure? ii) Perhaps there is an ideal level of income which people are satisfied? iii) Carry out people via different countries view these relationships in a different way? Using a scatter graph allowed us to help make the following observations: 1 . Right-skewed distribution
We are able to observe a right-skewed division. The mass of the division is concentrated on the left hand side of the physique. The indicate of the HPI is 40. 2 while the above black line.
installment payments on your Two thresholds
There are two thresholdsвЂ”GDP per Household $10, 000 and $20, 000 2. GDP every Capita < $10, 000:
The level of happiness of individuals in countries with a GROSS DOMESTIC PRODUCT per Household of lower than $10, 000 can range by HPI sixty-five to HPI 31. It indicates that with this range of salary, wealth will not play a major role in explaining people's happiness. * GDP per...