Question: I need to Develop and estimate a regression equation that can be used to predict average life satisfaction given GDP per capita. (2 marks). State

I need to

  • Develop and estimate a regression equation that can be used to predict average life satisfaction given GDP per capita. (2 marks).
  • State the estimated regression equation and interpret the meaning of the slope coefficient (to make the interpretation easier multiply the estimated coefficient by 10,000). (3 marks).
  • Is there a statistically significant association between GDP per capita and average life satisfaction? What is your conclusion? (2 marks).
  • Did the regression equation provide a good fit? Explain. (3 marks)
    I need to Develop and estimate a regression equation that can be

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