Let's examine the relationship between GNP per capita and the percentage of respondents willing to pay more
Question:
a. In this chapter, we used Table 13.4 to illustrate how to calculate the slope and intercept in the regression table. Using Table 13.4 as a model, create a similar table using the data below for GNP per capita and the percentage willing to pay higher taxes.
b. From the table that you created in 10a, calculate a and b and write out the regression equation (i.e., prediction equation).
c. Calculate and interpret error type, E2.
d. Using your answer from 10c, calculate the PRE measure, r2. Interpret.
e. About what percentage of citizens are willing to pay higher taxes for a country with a GNP per capita of 3.0 (i.e., $3,000)? For a GNP per capita of 30.0 (i.e., $30,000)?
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Related Book For
Social Statistics For A Diverse Society
ISBN: 9781483333540
7th Edition
Authors: Chava Frankfort Nachmias, Anna Leon Guerrero
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