Question: Shown below are data on per capita personal consumption, paper consumption, fish consumption, and gasoline consumption for 11 countries. Use the data to develop a

Shown below are data on per capita personal consumption, paper consumption, fish consumption, and gasoline consumption for 11 countries. Use the data to develop a multiple regression model to predict per capita personal consumption by the consumption of paper, fish, and gasoline. Discuss the output and pay particular attention to the F test and the t tests.

Country Per Capita Personal Consumption (U.S. $) Paper Consumption (kilograms per person) Fish Consumption (kilograms per person) Gasoline Consumption (liters per person)
Bangladesh 836 1 10 2
Greece 3,145 85 24 394
Italy 21,785 204 22 368
Japan 37,931 250 64 447
Kenya 276 4 5 16
Norway 1,913 156 51 477
Philippines 2,195 19 30 43
Portugal 3,154 116 60 257
U.K. 19,539 207 20 460
U.S. 109,521 308 21 1,624
Venezuela 622 27 18 528

*(Round your answers to 2 decimal places, e.g. 1.75.) **(Round your answers to 4 decimal places, e.g. 1.7589.) ***(Round your answers to 3 decimal places, e.g. 1.757.) The regression model is: Per Capita Prsonal Consumption = *+ * Paper Consumption - * Fish Consumption + *Gasoline Consumption. This model yields an F = *with p-value = **. Thus, there is overall significance at = .01. One of the three predictors is significant. Gasoline Consumption has a t = 2.66 with p-value of ***which is statistically significant at = .05. The p-values of the t statistics for the other two predictors are insignificant indicating that a model with just Gasoline Consumption as a single predictor might bemight not nearly as strong.

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