12. In 2010 consumption (Ci) for selected countries was as follows Jordan 2.5 billion $, USA 100 billion $, Canada 50 billion $, France 40 billion $ Qatar 10 billion $. and Russia 70 billion $. for the same year income (Yi) was: Jordan 12 billion $, USA 900 billion $, Canada 700 billion $, France 500 billion $ Qatar 60 billion $.and Russia 100 billion $. if we want to estimate the following model Ci=B1+B2YI+Ui calculate Var(b2)? * Enter your answer

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12. In 2010 consumption (Ci) for selected countries was as follows Jordan 2.5 billion $, USA 100
billion $, Canada 50 billion $, France 40 billion $ Qatar 10 billion $. and Russia 70 billion $. for the
same year income (Yi) was: Jordan 12 billion $, USA 900 billion $, Canada 700 billion $, France
500 billion $ Qatar 60 billion $.and Russia 100 billion $. if we want to estimate the following
model Ci=B1+B2YI+Ui calculate Var(b2)? *
Enter your answer
Transcribed Image Text:12. In 2010 consumption (Ci) for selected countries was as follows Jordan 2.5 billion $, USA 100 billion $, Canada 50 billion $, France 40 billion $ Qatar 10 billion $. and Russia 70 billion $. for the same year income (Yi) was: Jordan 12 billion $, USA 900 billion $, Canada 700 billion $, France 500 billion $ Qatar 60 billion $.and Russia 100 billion $. if we want to estimate the following model Ci=B1+B2YI+Ui calculate Var(b2)? * Enter your answer
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