The file Internet contains data about Internet users and Facebook users as of December 31, 2017, based
Question:
The file Internet contains data about Internet users and Facebook users as of December 31, 2017, based on a sample of 40 Asian and African countries. Suppose you want to develop a simple linear regression model to predict the number of Facebook users based on the number of Internet users of a country (both measured in million persons).
a. Construct a scatter plot.
b. Use the least-squares method to determine the regression coefficients b0 and b1.
c. Interpret the meaning of b0 and b1 in this problem.
d. Predict the mean number of Facebook users of a country that has 20.5 million Internet users.
e. What would you conclude about the relationship between the number of Internet users and that of Facebook users in the countries?
Step by Step Answer:
Public Finance An International Perspective
ISBN: 9789814365048
1st Edition
Authors: Joshua E. Greene