Interpret the coefficient on x related problems

Assignment Help Engineering Mathematics
Reference no: EM13800259

Suppose you collected data on annual incomes (in thousands of dollars) and the number of times a person eats restaurant meals per month.

Assuming X is income and Y is restaurant meals, a regression equation was estimated to be: Y = -4 + 0.5*X .

Interpret the coefficient on X.

What is your estimate of the average number of restaurant meals for someone with annual income $32K?

Reference no: EM13800259

Questions Cloud

Compare one way paleolithic people lived with how you live : Compare or contrast one way Paleolithic people lived with how you live. Draw what you think a Paleolithic person looked like. Show their food, clothing, shelter, tools, and fire in your drawing.
Explain possible pitfalls for strategy from gehs perspective : Explain the selected theories, and then evaluate GEH's reasoning and explain possible pitfalls for such strategy from GEH's perspective.
Discuss the importance of information sharing to homeland : Choose a sector in the Appendix, and discuss the responsible department or agency. What regulations apply? Are any private sector organizations involved
What is the spirit of capitalism : What is the spirit of capitalism
Interpret the coefficient on x related problems : Assuming X is income and Y is restaurant meals, a regression equation was estimated to be: Y = -4 + 0.5*X .
Taking the program comprehensive exam : For those students enrolled in a Bachelor's program (or not enrolled in either the AAB or AAOM), an alternative written assignment is required in lieu of taking the Program Comprehensive Exam.
Free expression or copyright piracy : Is the creating and uploading of vids to the Internet simply an ethical expression of one's free speech, or is it an infringement of intellectual property?
The dia is an all-source defense intelligence agency : The DIA is an all-source defense intelligence agency that is designed to prevent strategic surprise and deliver a decision advantage to warfighters, defense planners, and policymakers.
International business expansion plan : Your ethical code of conduct plan for your company's international business expansion plan should include all of the different concepts and ideas covered over the past several weeks.

Reviews

Write a Review

Engineering Mathematics Questions & Answers

  The purpose of this paper is to develop a new linear

the purpose of this paper is to develop a new linear programming for an aggregate production planning of flat panel

  Compute the determinant of Matrix

For the three vectors in Part 11, find the corresponding values of λ1, λ2, and λ3, compute the determinant of and Create a 3 x 3 matrix X where x1 is 1st column, x2 is 2nd column & x3 is 3rd column.

  The impact of the independent variable issues

What is the 95% confidence interval for the difference in the mean HDL levels between men who exercise regularly and those who do not?

  Sketching the direction field of a differential equation

The slopes in the direction field are all identical along horizontal lines and new solutions can be generated from old ones by time shifting (i.e., replacing y(t) with y(t - t0).

  Problems based on correlation & regression

What are the managerial implications of a correlation between these variables?

  Find the perpendicular distance of the plane

Find the perpendicular distance of the plane 5 x + 2 y - z = -22 from origin 0 by first finding the co-ordinates of the point P on the plane - What is the minimum distance the ant must travel before it gets to the food? How about the fly?

  What is the profit maximizing level of output

Happy Planet drinks price change as the quantity sold changes. In particular p=10-0.005x. The total cost to produce the drinks are $2.50 per drink. Their production factory costs $1000 per month.

  For the composite areas shown first determine the centroids

for the composite areas shown first determine the centroids and second determine the moment of inertia with respect to

  Determine system life cycle cost and spares policies

How can methods of improving system reliability be studied using simulation - when and how can simulation be applied to problems such as determining system life cycle cost and spares policies?

  Structure of equilibrium as a function

Sketch a phase diagram corresponding to each of these cases. Try to make some general statements about the structure of equilibrium as a function of the parameters.

  Efficiency and effectiveness metric

Choose any of the Perspective boxes in this chapter or the opening case. Then, identify and describe at least seven metrics that could be used to measure the success of the IT systems in your chosen example. For each metric, categorize it as eit..

  Find the inverse function f-1xof the one to one fuction

find the inverse function f-1xof the one to one fuction fx2x31 verify if they are inverse to each other and then

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd