Abby Kratz,a market specialist at the market research firm of Saez,Sikes,and Spitz,is analyzing household budget data collected by her firm.Abby's dependent variable is monthly household expenditures on groceries (in $'s) ,and her independent variable is annual household income (in $1,000's) .Regression analysis of the data yielded the following tables.
11ea888b_4160_b5c5_bb89_19f45c45177f_TB1680_00 For a household with $50,000 annual income,Abby's model predicts monthly grocery expenditures of ___.
A) $150.35
B) $50.35
C) $1,959.29
D) $128.65
E) $1286.50s) ,and her independent variable is annual household income (in $1,000's) .Regression analysis of the data yielded the following tables. For a household with $50,000 annual income,Abby's model predicts monthly grocery expenditures of ___. A) $150.35 B) $50.35 C) $1,959.29 D) $128.65 E) $1286.50" class="answers-bank-image d-block" rel="preload" > For a household with $50,000 annual income,Abby's model predicts monthly grocery expenditures of ___.
A) $150.35
B) $50.35
C) $1,959.29
D) $128.65
E) $1286.50s) ,and her independent variable is annual household income (in $1,000's) .Regression analysis of the data yielded the following tables. For a household with $50,000 annual income,Abby's model predicts monthly grocery expenditures of ___. A) $150.35 B) $50.35 C) $1,959.29 D) $128.65 E) $1286.50" class="answers-bank-image d-block" rel="preload" > 11ea888b_4160_b5c5_bb89_19f45c45177f_TB1680_00 For a household with $50,000 annual income,Abby's model predicts monthly grocery expenditures of ___.
A) $150.35
B) $50.35
C) $1,959.29
D) $128.65
E) $1286.50
Correct Answer:
Verified
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