A grocery store is interested in how customers' income affects the amount of money they spend each week. A regression analysis is performed to test this analysis. The results of the analysis are that the intercept is $17.80 and the slope is 0.0012. The residual of one customer's weekly spending was $54.12. Is this household an example of over or under prediction and expenditures inverse or direct and is the relationship between income
A grocery store is interested in how customers' income affects the amount of money they spend each week. A regression analysis is performed to test this analysis. The results of the analysis are that the intercept is $17.80 and the slope is 0.0012. The residual of one customer's weekly spending was $54.12. Is this household an example of over or under prediction and expenditures inverse or direct and is the relationship between income
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
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Problem 1P
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
Transcribed Image Text:A grocery store is interested in how customers' income affects the amount of money
they spend each week. A regression analysis is performed to test this analysis. The
results of the analysis are that the intercept is $17.80 and the slope is 0.0012. The
residual of one customer's weekly spending was $54.12. Is this household an
example of over or under prediction
and expenditures inverse or direct
and is the relationship between income
under-prediction, inverse
under-prediction, direct
over-prediction, direct
over-prediction, inverse
evidence of diet equity for this grocery store's customers
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