Question: In this chapter, we used Table 12.3 to illustrate how to calculate the slope and intercept in the regression table. Using table 12.3 as a

  1. In this chapter, we used Table 12.3 to illustrate how to calculate the slope and intercept in the regression table. Using table 12.3 as a model, create a similar table using the data below for GNP per capita and the percentage willing to pay higher taxes (10 pts).

please fill out the chart using the exact same information i provided that is in the first two columns.

GNP per Capita (X) % Willing to Pay Higher Taxes (Y) (X-) (X-)2 (Y-) (Y-) 2 (X-) (Y-)
23.70

24.50

20.33 22.20
8.37 28.90
22.28 14.00
18.71 24.30
32.35 37.20
29.24 31.60
3.84 34.70
27.78 24.80
14.60 31.10
34.31 22.80
10.67 15.10
2.66 29.90
14.10 22.20
25.58 19.50
39.98 33.50
X=328.50 Y=416.30 X= = = = =
Mean X = X/ N =
Mean Y = Y / N =

Variance (X) =

Standard deviation (X) =Sx =square root ( )=

Variance (Y) =

Standard deviation (Y) =Sy =square root ( )=

Covariance (X,Y) =

*Answers may differ due to rounding (2 decimal points); however the exact value of these column totals, properly calculated will always be equal to zero.

Sources: The World Bank Group, Development Education Program Learning Model: Economics, GNP per Capita, 2004. International Social Survey Programme, 2000.

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