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Interpret the coefficient on x related problems

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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

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