Question: Problem 14.8 presented per capita expenditures on education for 15 states, along with rank on income per capita and the percentage of the population that

Problem 14.8 presented per capita expenditures on education for 15 states, along with rank on income per capita and the percentage of the population that has graduated from high school.

The data are reproduced below.

Take educational expenditures as the dependent variable.

a. Compute beta-weights for each independent variable and compare their relative effect on expenditures. Which was the more important factor?

b. Compute R 2

c. Write a paragraph summarizing your fi ndings.

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