Country Bangladesh Tanzania GNP per cap Birth Rate 140 47 280 47 Sierra Leone 320 46 Sudan 380 47 420 Kenya Indonesia 55 530 35 Panama 1910 30 Chile 2560 25 Venezuela 4220 35 33 Turkey Malaysia Nepal...

Data on GNP per capita and Birth Rate (births per thousand inhabitants) for a sample
of 14 countries is displayed below, along with summary statistics (correlation
coefficient, sample means and standard deviations for each of the variables):

Please help solve sub question d given below

d. Calculate the residual for
(i) Indonesia, and
(ii) Venezuela
(iii) and comment.

Extracted text: Country Bangladesh Tanzania GNP per cap Birth Rate 140 47 280 47 Sierra Leone 320 46 Sudan 380 47 420 Kenya Indonesia 55 530 35 Panama 1910 30 Chile 2560 25 Venezuela 4220 35 33 Turkey Malaysia Nepal Malawi 1540 1840 31 150 44 200 56 Argentina 2560 20 mean 1217.857143 39.35714286 standard deviation 1253.335111 11.02170685 correlation coeffici -0.730642881


Extracted text: a. The equation for a line of regression, ŷ = a + bx, is: bırth rate = a + bgnp where gnp is the explanatory variable for the birth rate, the response variable. Using the summary statistics given above, show how to calculate both the slope coefficient and the intercept (do not round any numbers until the end). Show all working out. The estimates of a and b (correct to 4 d.p.) from the above dataset are: a = 47.1821 b = - 0.0064