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 weekly household expenditures on groceries (in $'s),and her independent variables are annual household income (in $1,000's)and household neighborhood (0 = suburban,1 = rural). Regression analysis of the data yielded the following table. For a suburban household with $90,000 annual income,Abby's model predicts weekly grocery expenditure of ________________.

Question

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 weekly household expenditures on groceries (in $'s),and her independent variables are annual household income (in $1,000's)and household neighborhood (0 = suburban,1 = rural). Regression analysis of the data yielded the following table.  For a suburban household with $90,000 annual income,Abby's model predicts weekly grocery expenditure of ________________.

Quizplus · Accepted Answer

The Answer of 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 weekly household expenditures on groceries (in $'s),and her independent variables are annual household income (in $1,000's)and household neighborhood (0 = suburban,1 = rural). Regression analysis of the data yielded the following table.  For a suburban household with $90,000 annual income,Abby's model predicts weekly grocery expenditure of ________________.

Abby Kratz,a Market Specialist at the Market Research Firm of Saez,Sikes,and