The correlation between a family's weekly income and the amount they spend on restaurant meals is found to ber = 0.30. Which must be true? . I. The equation used to describe the correlation between income and money spent on restaurant meals only explains about 9% of the variation in the data. . II. In general, the lower the income, the more the family spends in restaurants. . III. The line of best fit passes through 30% of the (income, restaurant$) data point O I. Only O I, II, and II II. Only O I. and II. Only O III. Only

MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
icon
Related questions
Question
The correlation between a family's weekly
income and the amount they spend on
restaurant meals is found to ber = 0.30. Which
must be true?
I. The equation used to describe the
correlation between income and money
spent on restaurant meals only explains
about 9% of the variation in the data.
- II. In general, the lower the income, the
more the family spends in restaurants.
. II. The line of best fit passes through 30%
of the (income, restaurant$) data point
O I. Only
O I, II, and III
O II. Only
O I. and II. Only
O II. Only
Transcribed Image Text:The correlation between a family's weekly income and the amount they spend on restaurant meals is found to ber = 0.30. Which must be true? I. The equation used to describe the correlation between income and money spent on restaurant meals only explains about 9% of the variation in the data. - II. In general, the lower the income, the more the family spends in restaurants. . II. The line of best fit passes through 30% of the (income, restaurant$) data point O I. Only O I, II, and III O II. Only O I. and II. Only O II. Only
Expert Solution
Step 1

Given that 

The correlation between income and money spend on restaurant meals is found to be 

r=0.30

We have to find which statement is true....

trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 2 steps

Blurred answer
Similar questions
Recommended textbooks for you
MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
Statistics
ISBN:
9781119256830
Author:
Amos Gilat
Publisher:
John Wiley & Sons Inc
Probability and Statistics for Engineering and th…
Probability and Statistics for Engineering and th…
Statistics
ISBN:
9781305251809
Author:
Jay L. Devore
Publisher:
Cengage Learning
Statistics for The Behavioral Sciences (MindTap C…
Statistics for The Behavioral Sciences (MindTap C…
Statistics
ISBN:
9781305504912
Author:
Frederick J Gravetter, Larry B. Wallnau
Publisher:
Cengage Learning
Elementary Statistics: Picturing the World (7th E…
Elementary Statistics: Picturing the World (7th E…
Statistics
ISBN:
9780134683416
Author:
Ron Larson, Betsy Farber
Publisher:
PEARSON
The Basic Practice of Statistics
The Basic Practice of Statistics
Statistics
ISBN:
9781319042578
Author:
David S. Moore, William I. Notz, Michael A. Fligner
Publisher:
W. H. Freeman
Introduction to the Practice of Statistics
Introduction to the Practice of Statistics
Statistics
ISBN:
9781319013387
Author:
David S. Moore, George P. McCabe, Bruce A. Craig
Publisher:
W. H. Freeman