The estimated regression model is given : Consumption = 49.13 XXXXXXXXXXIncome + error Consumption is dependent variable ; Income ( weekly) - family Income Let's say a family income earns $ 100 more...

The estimated regression model is given : Consumption = 49.13 + 0.85 Income + error

Consumption is dependent variable ; Income ( weekly) - family Income

Let's say a family income earns $ 100 more per week . How to affect the consumption level?

Choose one right answer

A.
For every 100 $ a family earns more per week in this case the consumption will grow on average and expected of 85 $ worth.

B.
For every 100 $ a family earns more per week in this case the consumption will fall on average and expected of 49.14 $ worth.

Jun 09, 2022

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