Question
Shown below are data on per capita personal consumption, paper consumption, fish consumption, and gasoline consumption for 11 countries. Use the data to develop a
Shown below are data on per capita personal consumption, paper consumption, fish consumption, and gasoline consumption for 11 countries. Use the data to develop a multiple regression model to predict per capita personal consumption by the consumption of paper, fish, and gasoline. Discuss the output and pay particular attention to the F test and the t tests.
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*(Round your answers to 2 decimal places, e.g. 1.75.) **(Round your answers to 4 decimal places, e.g. 1.7589.) ***(Round your answers to 3 decimal places, e.g. 1.757.) The regression model is: Per Capita Prsonal Consumption = *+ * Paper Consumption - * Fish Consumption + *Gasoline Consumption. This model yields an F = *with p-value = **. Thus, there is overall significance at = .01. One of the three predictors is significant. Gasoline Consumption has a t = 2.66 with p-value of ***which is statistically significant at = .05. The p-values of the t statistics for the other two predictors are insignificant indicating that a model with just Gasoline Consumption as a single predictor might bemight not nearly as strong.
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