im lost with this problem, what exactly is the hypothesis and what does it reject? also, are the 3 regression table called multiple regression, do you get the best predictor and get the reject hypothesis from there? also, is the correlation coefficient the same as a correlation matrix???? Consumer Research, Inc., is an independent agency that conductsresearch on consumer attitudes and behaviors for a variety offirms. In one study, a client asked for an investigation of consumercharacteristics that can be used to predict the amount charged bycredit card users. Data were collected on annual income,household size, and annual credit card charges for a sample of 50consumers. The following data are contained in the fileConsumer.IncomeHousehold AmountIncomeHousehold Amount($1000s) SizeCharged ($)($1000s) SizeCharged ($)543401654557330315930125833245100483866505474234358631218646745037554070503605371273167534540233485565370664476452238905134110623470525342086424157484421922335792712477294389033225143922972IncomeHousehold AmountIncomeHousehold Amount($1000s) SizeCharged ($)($1000s) SizeCharged ($)65342143513121634496539441834244125433730212244823641274412995272292137417126746036256786124273213362330306755753012243074422302046482041748286645149

Multiple linear regression model: A multiple linear regression model is given as y = b0 + b1x1 +…

Answered: Consumer Research, Inc., is an…

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im lost with this problem, what exactly is the hypothesis and what does it reject? also, are the 3 regression table called multiple regression, do you get the best predictor and get the reject hypothesis from there? also, is the correlation coefficient the same as a correlation matrix????

Consumer Research, Inc., is an independent agency that conducts
research on consumer attitudes and behaviors for a variety of
firms. In one study, a client asked for an investigation of consumer
characteristics that can be used to predict the amount charged by
credit card users. Data were collected on annual income,
household size, and annual credit card charges for a sample of 50
consumers. The following data are contained in the file
Consumer.
Income
Household Amount
Income
Household Amount
($1000s) Size
Charged ($)
($1000s) Size
Charged ($)
54
3
4016
54
5573
30
3159
30
1
2583
32
4
5100
48
3866
50
5
4742
34
3586
31
2
1864
67
4
5037
55
4070
50
3605
37
1
2731
67
5345
40
2
3348
55
6
5370
66
4
4764
52
2
3890
51
3
4110
62
3
4705
25
3
4208
64
2
4157
48
4
4219
22
3
3579
27
1
2477
29
4
3890
33
2
2514
39
2
2972
Income
Household Amount
Income
Household Amount
($1000s) Size
Charged ($)
($1000s) Size
Charged ($)
65
3
4214
35
1
3121
63
4
4965
39
4
4183
42
4412
54
3
3730
21
2
2448
23
6
4127
44
1
2995
27
2
2921
37
4171
26
7
4603
62
5678
61
2
4273
21
3
3623
30
3067
55
7
5301
22
4
3074
42
2
3020
46
4820
41
7
4828
66
4
5149

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