income The average income in the sample was $553. Based on the least-squares line, the average grocery bill for this sample was approximately: O $100. $90. $95. $105.

MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
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Chapter1: Starting With Matlab
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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 gender of the shopper was also obtained. The graph below

 

contains a scatterplot with a least-squares line. 

 

grocery bill
160
140
120
100
80
60
O
*
grocery Dill Tor selected subjects
200
O
O
400
600
80
800
10⁰
1000
Transcribed Image Text:grocery bill 160 140 120 100 80 60 O * grocery Dill Tor selected subjects 200 O O 400 600 80 800 10⁰ 1000
income
The average income in the sample was $553. Based on the least-squares line, the average grocery bill for this sample was
approximately:
O $100.
$90.
$95.
$105.
Transcribed Image Text:income The average income in the sample was $553. Based on the least-squares line, the average grocery bill for this sample was approximately: O $100. $90. $95. $105.
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