A worker earns $ 3500 per month. Cost of living index is 136. With thehelp of following information, calculate the amount he spent on'house rent' and 'clothing':GroupExpenditure ($)indexFood1400180Clothing150House Rent100Fuel and light560110Miscellaneous63080

Answered: Image /qna-images/answer/6fc4945a-32e6-41d0-9d34-e495ca80e490.jpg

Answered: A worker earns $ 3500 per month. Cost…

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

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> Income Credit Size Income model summary (model) Call: 1m (formula Credit Income + Size) Residuals: Min 1Q Median 3Q Max 1270.10 -1172.67 -169.44 15.63 161.81 Coefficients: Estimate Std. Errort value Pr (>1t|) (Intercept) 1257.003 197.279 6.372 7.35e-08 Income 3.929 8.369 7.20e-11*** 34.894 10.895 1.87e-14 *** 32.881 380.176 Size Signif. codes: 0.***** 0.001 *** 0.01 0.05 0.11 Residual standard error: 393.8 on 47 degrees of freedom Multiple R-squared: 0.8293, Adjusted R-squared: 0.822 F-statistic: 114.2 on 2 and 47 DF, p-value: < 2.2e-16 a) From the output, observe that the regression equation as follows: y=1257.003+32.881x Income +380.176x Size b) b) From the output, observe that the adjusted coefficient of determination value is 0.5945 This value indicates that how the model is likely to be useful in predicting the annual credit card changes. The model is most likely to be useful, because this value is high value. c) The null and alternative hypotheses as follows: Null…
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A worker earns $ 3500 per month. Cost of living index is 136. With the help of following information, calculate the amount he spent on 'house rent' and 'clothing': Group Expenditure ($) index Food 1400 180 Clothing 150 House Rent 100 Fuel and light 560 110 Miscellaneous 630 80