What is the predici pping trips for someone making $50,000/year? In words, what is the meaning of the coefficient 0.19?

MATLAB: An Introduction with Applications
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Is the regression coefficient significantly different from zero? How do you know?
What is the predicted number of weekly shopping trips for someone making
$50,000/year?
In words, what is the meaning of the coefficient 0.19?
What is the value of the correlation coefficient?
Transcribed Image Text:Is the regression coefficient significantly different from zero? How do you know? What is the predicted number of weekly shopping trips for someone making $50,000/year? In words, what is the meaning of the coefficient 0.19? What is the value of the correlation coefficient?
A regression of weekly shopping trip frequency on annual income (data entered in
thousands of dollars) is performed on data collected from 24 respondents. The
results are summarized below:
Intercept 0.46
Slope 0.19
Sum of squares
df
Mean square
F
Regression
Residual
eriter
1.7
Total
2.3
a. Fill in the blanks in the ANOVA table.
(Continued)
Transcribed Image Text:A regression of weekly shopping trip frequency on annual income (data entered in thousands of dollars) is performed on data collected from 24 respondents. The results are summarized below: Intercept 0.46 Slope 0.19 Sum of squares df Mean square F Regression Residual eriter 1.7 Total 2.3 a. Fill in the blanks in the ANOVA table. (Continued)
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