An economist conducted a study of the possible association between weekly income and weekly grocery expenditures. The particular interest was whether higher income would result in shoppers spending more on groceries. A random sample of shoppers at a local supermarket was obtained, and a questionnaire was administered asking about the weekly income of the shopper’s family and the grocery bill for that week. The correlation was found to be r =r=0.573. The percentage (to two decimal places) of variation in grocery bills explained by the family's weekly income regression line is:
An economist conducted a study of the possible association between weekly income and weekly grocery expenditures. The particular interest was whether higher income would result in shoppers spending more on groceries. A random sample of shoppers at a local supermarket was obtained, and a questionnaire was administered asking about the weekly income of the shopper’s family and the grocery bill for that week. The
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From the given data,
An economist conducted a study of the possible association between weekly income and weekly grocery expenditures
The correlation is r = 0.573
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