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 ______ annual income,Abby's model predicts weekly grocery expenditure of $235.
A) $120,082.9
B) $122,082.9
C) $124,082.9
D) $126.082.9
E) $128,082.9
Correct Answer:
Verified
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