The following regression model has been computed based on a sample of 70 observations of part-time workers. The regression equation that relates the number of hours worked (x) and the individual weekly income (y in 100 AED) is ŷ equals 35.4 plus 5.2 x What does the intercept mean in this context? Part-time workers who did not work at all are expected to earn a weekly income of 3540 AED. The intercept has no meaning. For every additional hour of work, the weekly income is expected to increase by  520 AED. Part-time workers who did not work at all are expected to earn a weekly income of 35.4 AED.

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The following regression model has been computed based on a sample of 70 observations of part-time workers. The regression equation that relates the number of hours worked (x) and the individual weekly income (y in 100 AED) is

ŷ equals 35.4 plus 5.2 x

What does the intercept mean in this context?

Part-time workers who did not work at all are expected to earn a weekly income of 3540 AED.

The intercept has no meaning.

For every additional hour of work, the weekly income is expected to increase by  520 AED.

Part-time workers who did not work at all are expected to earn a weekly income of 35.4 AED.      

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