An online clothing retailer examined their transactional database to see if total yearly Purchases ($) were related to customere' Incomes ($). (You may assume that the assumptions and conditions for regression are met.) The least squares linear regression is shown below. Complete parts a through d. Purchases = - 33.8 + 0.019(income) a) Interpret the intercept in the linear model. Select the correct choice below and fil in the answer box to complete your choice, (Type an integer or a decimal.) OA. The intercept of indicates the predicted total yearly Purchase if a customer's Income was $0. OB. The intercept of indicates the customer Income if the predicted total yearly Purchase was S0. O C. The intercept indicates that customer Income changes by $ for every $1 increase in total yearly Purchase. OD. The intercept of is meaningless and should not be interpreted.

An online clothing retailer examined their transactional database to see if total yearly Purchases ($) were related to customere' Incomes ($). (You may assume that the assumptions and conditions for regression are met.) The least squares linear regression is shown below. Complete parts a through d. Purchases = - 33.8 + 0.019(income) a) Interpret the intercept in the linear model. Select the correct choice below and fil in the answer box to complete your choice, (Type an integer or a decimal.) OA. The intercept of indicates the predicted total yearly Purchase if a customer's Income was $0. OB. The intercept of indicates the customer Income if the predicted total yearly Purchase was S0. O C. The intercept indicates that customer Income changes by $ for every $1 increase in total yearly Purchase. OD. The intercept of is meaningless and should not be interpreted.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

See similar textbooks

Similar questions

do fast don't use chatgpt answer,
PLS HELP ASAP ON BOTH
User passwords for the mainframe at a finance firm consists of five letters followed by two numbers. How many different passwords are possible? a. 33,153,120,000 Ob. None of these Oc. 1,188,137,600 Od 657,800 e. 7,893,690
21
I need help with HW.
I need answer typing clear urjent no chatgpt used i will give upvotes full explanation
At a price of $14, country 1 will (a) offer for export 9 units of this product. (b) seek to import 9 units of this product. (c) choose not to trade. (d) increase supply. (e) offer for export 18 units of this product
There is a bar on Off‐Main Street called the Rock‐n‐Roll Bar. All the people that go to that bar like to listen to rock‐n‐roll music, and they love live bands. If the bar owner brings bands in to play music on a Saturday night, she will make a lot of money. However there are tenants in this building who get annoyed by the loud music. The benefits/costs to the owner/tenants of having zero, one, two or three bands on a Saturday night are listed in the attached table. If the tenants have the right to be free of loud music enforced through a property rule, how many bands will play in Rock‐n‐Roll Bar on a Saturday night? A. Zero B. One C. Two D. Three E. It depends on transaction costs
Define the term Expenses?
uestion 3 If you want to minimize interest payments on a loan, you'll need one that has a simple interest rate so that yo John opened an account, and knew exactly how much it would be worth at the end of the year, because it used year. What is simple interest? Oa. Interest only on original amount saved or borrowed Ob. interest on original amount saved, borrowed and other interest earned Oc. a fee paid for the use of someone else's money Od. taxes on the original amount saved or borrowed L A Moving to another question will save this response. →
how did u get 0.92Y in the brackets ?
ctors) on of es 1. Relationship of data usage and bill Data Usage(GB/month) 0 10 20 30 Bill($/month) 10 30 50 70 A. Draw the graph, placing data usage horizontally(on the X axis) and bill vertically(On the Y axis). B. How much is the monthly fixed fee? C. How much is the charge per GB? D. What is the Equation that describes the relationship, where data usage is denoted by D, and bill by B? E. How much would be the charge for 50 GB use per month?