Use Excel’s Data Analysis tool to conduct a multiple regression analysis with annual income and household size as independent variables. Choose confidence level at 95%. Using significance level α=0.05.     Monthly Household Spending ($)   Annual Household Income ($)  Household Size                  4,016            54,000 3                  3,159            30,000 2                  5,100            32,000 4                  4,742            50,000 5                  1,864            31,000 2                  4,070            55,000 2                  2,731            37,000 1                  3,348            40,000 2                  4,764            66,000 4                  4,110            51,000 3                  4,208            25,000 3                  4,219            48,000 4                  2,477            27,000 1                  2,514            33,000 2                  4,214            65,000 3                  4,965            63,000 4                  4,412            42,000 6                  2,448            21,000 2                  2,995            44,000 1                  4,171            37,000 5                  5,678            62,000 6                  3,623            21,000 3                  5,301            55,000 7                  3,020            42,000 2                  4,828            41,000 7                  5,573            54,000 6                  2,583            30,000 1                  3,866            48,000 2                  3,586            34,000 5                  5,037            67,000 4                  3,605            50,000 2                  5,345            67,000 5                  5,370            55,000 6                  3,890            52,000 2                  4,705            62,000 3                  4,157            64,000 2                  3,579            22,000 3                  3,890            29,000 4                  2,972            39,000 2                  3,121            35,000 1                  4,183            39,000 4                  3,730            54,000 3                  4,127            23,000 6                  2,921            27,000 2                  4,603            26,000 7                  4,273            61,000 2                  3,067            30,000 2                  3,074            22,000 4                  4,820            46,000 5                  5,149            66,000 4

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ISBN:9781119256830
Author:Amos Gilat
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Use Excel’s Data Analysis tool to conduct a multiple regression analysis with annual income and household size as independent variables. Choose confidence level at 95%. Using significance level α=0.05. 

 

 Monthly Household Spending ($)   Annual Household Income ($)  Household
Size
                 4,016            54,000 3
                 3,159            30,000 2
                 5,100            32,000 4
                 4,742            50,000 5
                 1,864            31,000 2
                 4,070            55,000 2
                 2,731            37,000 1
                 3,348            40,000 2
                 4,764            66,000 4
                 4,110            51,000 3
                 4,208            25,000 3
                 4,219            48,000 4
                 2,477            27,000 1
                 2,514            33,000 2
                 4,214            65,000 3
                 4,965            63,000 4
                 4,412            42,000 6
                 2,448            21,000 2
                 2,995            44,000 1
                 4,171            37,000 5
                 5,678            62,000 6
                 3,623            21,000 3
                 5,301            55,000 7
                 3,020            42,000 2
                 4,828            41,000 7
                 5,573            54,000 6
                 2,583            30,000 1
                 3,866            48,000 2
                 3,586            34,000 5
                 5,037            67,000 4
                 3,605            50,000 2
                 5,345            67,000 5
                 5,370            55,000 6
                 3,890            52,000 2
                 4,705            62,000 3
                 4,157            64,000 2
                 3,579            22,000 3
                 3,890            29,000 4
                 2,972            39,000 2
                 3,121            35,000 1
                 4,183            39,000 4
                 3,730            54,000 3
                 4,127            23,000 6
                 2,921            27,000 2
                 4,603            26,000 7
                 4,273            61,000 2
                 3,067            30,000 2
                 3,074            22,000 4
                 4,820            46,000 5
                 5,149            66,000 4
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