1) What percent of income do people spend for their living expenses? The following computer output shows the relationship between the amount of money spent (in dollars) on Living Expenses per month vs. Income per month. Predictor Coef SE Coef P Constant 438.525 3.341 131.25 0.000 Income 0.51145 0.02325 22.00 0.000 S = 12.2225 R-Sq 91.0% R-Sq (adj) = 90.8% %3D

1) What percent of income do people spend for their living expenses? The following computer output shows the relationship between the amount of money spent (in dollars) on Living Expenses per month vs. Income per month. Predictor Coef SE Coef P Constant 438.525 3.341 131.25 0.000 Income 0.51145 0.02325 22.00 0.000 S = 12.2225 R-Sq 91.0% R-Sq (adj) = 90.8% %3D

Linear Algebra: A Modern Introduction

4th Edition

ISBN:9781285463247

Author:David Poole

Publisher:David Poole

Chapter7: Distance And Approximation

Section7.3: Least Squares Approximation

Problem 31EQ

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