The data in the table below can be used to explore the association between the rate of television ownership and per capita gross domestic product for several countries.
a)Make a scatterplot showing the trend in television ownership versus per capita GDP.Describe what you see.
b)Determine the correlation and comment on its significance.
c)Find the equation of the line of regression.Interpret the slope of the equation.
d)Use your model to predict the rate of TV ownership for India,which has a per capita GDP of $2,200.How much confidence do you have in this prediction? Explain.
e)Discuss the impact that the U.S.A.data exerts on the model.
Correct Answer:
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b)R2 = 0.8124.The associat...
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