The data from Exercise 4.66 for percentage of gross domestic product (GDP) spent on health care and life expectancy, in years, for selected countries are on the WeissStats CD. Do the required parts separately for each gender.
a. Decide whether finding a regression line for the data is reasonable. If so, then also do parts (b)–(d).
b. Obtain the coefficient of determination.
c. Determine the percentage of variation in the observed values of the response variable explained by the regression, and interpret your answer.
d. State how useful the regression equation appears to be for making predictions.