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Personal Spending and Personal Income

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Personal Spending and Personal Income
Is personal spending linearly related to orders for durable goods and personal income? A recent study reported the amounts of personal spending (in trillions of dollars), amount spent on durable goods (in billions of dollars), and personal income (in trillions of dollars). A statistical package was used to fit a linear regression model, producing the output below. Personal Spending and Personal Income Is personal spending linearly related to orders for durable goods and personal income? A recent study reported the amounts of personal spending (in trillions of dollars), amount spent on durable goods (in billions of dollars), and personal income (in trillions of dollars). A statistical package was used to fit a linear regression model, producing the output below. R<sup>2</sup> = 95.9% R<sup>2</sup>(adj) = 95.0%, s = 0.0144 with 12 - 3 = 9 df. -Refer to Personal Spending and Personal Income. Use the computer output shown above to test the hypotheses at the 5% significance level. What is your conclusion? Personal Spending and Personal Income Is personal spending linearly related to orders for durable goods and personal income? A recent study reported the amounts of personal spending (in trillions of dollars), amount spent on durable goods (in billions of dollars), and personal income (in trillions of dollars). A statistical package was used to fit a linear regression model, producing the output below. R<sup>2</sup> = 95.9% R<sup>2</sup>(adj) = 95.0%, s = 0.0144 with 12 - 3 = 9 df. -Refer to Personal Spending and Personal Income. Use the computer output shown above to test the hypotheses at the 5% significance level. What is your conclusion? R2 = 95.9% R2(adj) = 95.0%, s = 0.0144 with 12 - 3 = 9 df.
-Refer to Personal Spending and Personal Income. Use the computer output shown above to test the hypotheses Personal Spending and Personal Income Is personal spending linearly related to orders for durable goods and personal income? A recent study reported the amounts of personal spending (in trillions of dollars), amount spent on durable goods (in billions of dollars), and personal income (in trillions of dollars). A statistical package was used to fit a linear regression model, producing the output below. R<sup>2</sup> = 95.9% R<sup>2</sup>(adj) = 95.0%, s = 0.0144 with 12 - 3 = 9 df. -Refer to Personal Spending and Personal Income. Use the computer output shown above to test the hypotheses at the 5% significance level. What is your conclusion? at the 5% significance level. What is your conclusion?

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