The GDP per Capita and Education Expenditure per Capita are strongly correlated, .r(46) = .967, .p .<. .001. Country’s GDP per Capita significantly predicts Education Expenditure per Capita, .β = .967, .t(46) = 25.64, .p .<. .001. Country’s GDP per Capita also explains a significant proportion of variance in Education Expenditure per Capita, .R2 .= .935, .F(1, 46) = 657.44, .p .<. .001. The linear regression equation is given byEducation Expenditure per Capita = -30.528 + 0.056(GDP per Capita).
Complete 8 pages APA formatted article: Quantitative Analysis of Relationship between GDP and EE.
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