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2. Estimate an equation that explains the EGM expenditures per adult for the fiscal year 2012/13 (exp_per_adult) in terms of the number of EGMs per

2. Estimate an equation that explains the EGM expenditures per adult for the fiscal year 2012/13 (exp_per_adult) in terms of the number of EGMs per 1000 adults in 2013 (EGMs) and the unemployment rate (%) (unemployed) for a sample of 70 LGAs from Victoria, Australia. Report the results using the usual standard errors in the usual form. (5 points)

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