1. Calculate and interpret error type, E₂ . Using the table below, calculate the PRE measure, r². Interpret (4 pts).

% Willing to Pay Higher Taxes (Y)	Predicted % Willing to Pay Higher Taxes ()	(Y- )	(Y- )2
24.50	26.15
22.20	26.01
28.90	25.53
14.00	26.09
24.30	25.95
37.20	26.49
31.60	26.37
34.70	25.35
24.80	26.31
31.10	25.78
22.80	26.57
15.10	25.63
29.90	25.31
22.20	25.76
19.50	26.22
33.50	26.80
			=