Question: 7. Calculate and interpret error type, Ez (10 pts). * Willing to Pay Predicted %% (Y- 9) (Y- P) Higher Taxes (Y) Willing to Pay

7. Calculate and interpret error type, Ez (10 pts). * Willing

7. Calculate and interpret error type, Ez (10 pts). * Willing to Pay Predicted %% (Y- 9) (Y- P) Higher Taxes (Y) Willing to Pay Higher Taxes (?) 24.50 26.01 22.20 25.89 22.20 25.89 28.90 26.23 14.00 25.48 24.30 26.00 37.20 26.64 31.60 26.36 34.70 26.57 24.80 26.07 31.10 26.34 22.80 25.97 15.10 25.54 29.90 2628 22.20 25.89 19.50 25.76 33.50 26 46 8. Using your answer from #7, calculate the PRE measure, r2. Interpret (3 pts). 9. About what percentage of citizens are willing to pay higher taxes for a country with a GNP per capita of 8.0 (i.e., $8,000)? For a GNP per capita of 80.0 (i.e., $80,000) (6 pts)

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