Answer and show complete solution. Data for the energy consumption per person (or per capita) and per capita GNP output for eight different countries are tabulated below: Country no. X Y 1 600 1000 2 2700 700 3 2900 1400 4 4200 2000 5 3100 2500 6 5400 2700 7 8600 2500 8 10300 4000
Answer and show complete solution.
Data for the energy consumption per person (or per capita) and per capita GNP output for eight different countries are tabulated below:
| Country no. | X | Y |
| 1 | 600 | 1000 |
| 2 | 2700 | 700 |
| 3 | 2900 | 1400 |
| 4 | 4200 | 2000 |
| 5 | 3100 | 2500 |
| 6 | 5400 | 2700 |
| 7 | 8600 | 2500 |
| 8 | 10300 | 4000 |
In the above table, X = the per capita GNP of each country in 1972 US dollar equivalent and Y = the per capita energy consumption in kilos of coal equivalent
a. Determine the regression equation for predicting the per capita energy consumption on the basis of a country’s per capita GNP output, and graph the regression line.
b. Determine the
c. Evaluate the conditional standard deviation / standard error of estimate.
d. Determine the 95% confidence interval of the regression line by computing confidence intervals on various mean responses. Show a graph of the confidence interval.
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