Solved

Abby Kratz,a Market Specialist at the Market Research Firm of Saez,Sikes,and

Question 81

Multiple Choice

Abby Kratz,a market specialist at the market research firm of Saez,Sikes,and Spitz,is analyzing household budget data collected by her firm.Abby's dependent variable is weekly household expenditures on groceries (in $'s) ,and her independent variables are annual household income (in $1,000's) and household neighborhood (0 = suburban,1 = rural) .Regression analysis of the data yielded the following table. Abby Kratz,a market specialist at the market research firm of Saez,Sikes,and Spitz,is analyzing household budget data collected by her firm.Abby's dependent variable is weekly household expenditures on groceries (in  For a suburban household with ______ annual income,Abby's model predicts weekly grocery expenditure of $235.<br>A)  $120,082.9<br>B)  $122,082.9<br>C)  $124,082.9<br>D)  $126.082.9<br>E)  $128,082.9s) ,and her independent variables are annual household income (in $1,000's) and household neighborhood (0 = suburban,1 = rural) .Regression analysis of the data yielded the following table.   For a suburban household with ______ annual income,Abby's model predicts weekly grocery expenditure of $235. A)  $120,082.9 B)  $122,082.9 C)  $124,082.9 D)  $126.082.9 E)  $128,082.9 For a suburban household with ______ annual income,Abby's model predicts weekly grocery expenditure of $235.


A) $120,082.9
B) $122,082.9
C) $124,082.9
D) $126.082.9
E) $128,082.9

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions