Based on the following fitted regression: In Consumption = 2.16 + 0.06Age %3D where Consumption measures the weekly expenditure in dollars, and Age is measured in years, interpret how being one year older is expected to affect weekly consumption expenditure: O an additional year of age will increase weekly consumption expenditure by 6 cents. O an additional year of age will increase weekly consumption expenditure by 0.06 per cent. O None of the presented possible answers are correct. O an additional year of age will increase weekly consumption expenditure by 6 per cent. O an additional year of age will increase weekly consumption expenditure by 2.22 per cent.
Based on the following fitted regression: In Consumption = 2.16 + 0.06Age %3D where Consumption measures the weekly expenditure in dollars, and Age is measured in years, interpret how being one year older is expected to affect weekly consumption expenditure: O an additional year of age will increase weekly consumption expenditure by 6 cents. O an additional year of age will increase weekly consumption expenditure by 0.06 per cent. O None of the presented possible answers are correct. O an additional year of age will increase weekly consumption expenditure by 6 per cent. O an additional year of age will increase weekly consumption expenditure by 2.22 per cent.
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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Pls select correct option and explain in 10-15 sentences only
Transcribed Image Text:Based on the following fitted regression:
In Consumption = 2.16 + 0.06Age
%3D
where Consumption measures the weekly expenditure in dollars, and Age is measured in years,
interpret how being one year older is expected to affect weekly consumption expenditure:
O an additional year of age will increase weekly consumption expenditure by 6 cents.
O an additional year of age will increase weekly consumption expenditure by 0.06 per cent.
O None of the presented possible answers are correct.
O an additional year of age will increase weekly consumption expenditure by 6 per cent.
O an additional year of age will increase weekly consumption expenditure by 2.22 per cent.
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