Question: Part 4 : Really need help, show work 12. From the table that you created in #11, calculate a, b, and write out the regression

Part 4 : Really need help, show work

12. From the table that you created in #11, calculate a, b, and write out the regression equation (i.e., prediction equation) (3 pts). 13. Calculate and interpret error type, Ex (3 pts). 9% Willing to Pay Predicted % Willing to Pay (Y- 7) (Y- VP Higher Taxes (Y) Higher Taxes (Y) 22 00 25 91 25 60 26 74 17 00 24 76 13 80 24 02 36 13 29 00 18 70 25 15 38 57 28 56 45 80 31 38 33 50 28 56 24 60 26 51 18 90 25.20 25 30 26 67 24 80 26 55 17 14 24 79 31 32 1 28 05 18 59 25 13 I= 14. Using your answer from #13, calculate the PRE measure, r'. Interpret (2 pts). 15. About what percentage of citizens are willing to pay higher taxes for a country with a GNP per capita of 5.0 (i.e., $5,000)? For a GNP per capita of 35.0 (i.e., $35,000) (2 pts)

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