Creating indicators.

Question

A random sample of 10 families had the following income and food expenditure, family A, B, C, D, E, F, G, H, I, J and the family expenditure of 7,9,8,11,5,4,8,10,9,10. The family income is 20,30,33,40,15,13,26,38,35,43.Estimate the regression line of food expenditure on income and interpret your results

Answer 1

Question

Chapter 18.2, Problem 21E

a:

To determine

Creating indicators.

b:

To determine

Coefficient explanation.

c:

To determine

Testing the hypothesis.

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