Purchase Solution

Linear regression model - statistics

Not what you're looking for?

Ask Custom Question

Let's examine the relationship between GNP per capita and the percentage of respondents willing to pay more n taxes.

a. 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 part a, calculate a and b and write out the regression equation.
c.Calculate and interpret error type, E2.
d. Using your answer for part c, calculate the PRE measure, r^2. interpret.
e. About what percentage of citizens are willing to pay higher taxes for a country with GNP per capita of 3.0? For a GNP per capita of 30.0?

See attachment.

Purchase this Solution

Solution Summary

The solution provides explanations how to find out R square, E2, slope and y intercept manually.

Purchase this Solution

Free BrainMass Quizzes
Measures of Central Tendency

This quiz evaluates the students understanding of the measures of central tendency seen in statistics. This quiz is specifically designed to incorporate the measures of central tendency as they relate to psychological research.

Know Your Statistical Concepts

Each question is a choice-summary multiple choice question that presents you with a statistical concept and then 4 numbered statements. You must decide which (if any) of the numbered statements is/are true as they relate to the statistical concept.

Terms and Definitions for Statistics

This quiz covers basic terms and definitions of statistics.

Measures of Central Tendency

Tests knowledge of the three main measures of central tendency, including some simple calculation questions.