Question: Calculate and interpret error type, E 2 . Using the table below, calculate the PRE measure, r 2 . Interpret (4 pts). % Willing to

  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

=

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