- 8 The Table Below Gives The Per Capita Income To The Nearest 100 Y And The Percentage Of The Economy Represented By 1 (60.96 KiB) Viewed 18 times
8. The table below gives the per capita income to the nearest $100 (Y) and the percentage of the economy represented by agriculture (X) reported by the World Bank World Development Indicators for 1999 for 15 ECOWAS countries. Country 1 2 3 4 6 7 Y₁ 76 10 44 47 23 19 13 X₁ 6 16 9 8 14 11 12 5 the implication of your results. 8 9 19 8 10 18 A Estimate the regression equation of Y; on X₁. [Hint: ₁ = Y - ₂ 10 44 5 4 26 X; ; B₂ = 12 13 14 31 24 59 8 8 15 37 9 5 -] and explain