A grocery store is interested in how customers' income affects the amount of money they spend each week. A regression analysis is performed to test this analysis. The results of the analysis are that the intercept is $17.80 and the slope is 0.0012. The residual of one customer's weekly spending was $54.12. Is this household an example of over or under prediction and expenditures inverse or direct and is the relationship between income
A grocery store is interested in how customers' income affects the amount of money they spend each week. A regression analysis is performed to test this analysis. The results of the analysis are that the intercept is $17.80 and the slope is 0.0012. The residual of one customer's weekly spending was $54.12. Is this household an example of over or under prediction and expenditures inverse or direct and is the relationship between income
Chapter3: Polynomial Functions
Section: Chapter Questions
Problem 18T
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