TABLE 14-11 A Weight-Loss Clinic Wants to Use Regression Analysis to Build

question 320

Multiple Choice

TABLE 14-11
A weight-loss clinic wants to use regression analysis to build a model for weight loss of a client (measured in pounds) .Two variables thought to affect weight loss are client's length of time on the weight-loss program and time of session.These variables are described below:
Y = Weight loss (in pounds)
X₁ = Length of time in weight-loss program (in months)
X₂ = 1 if morning session,0 if not
Data for 25 clients on a weight-loss program at the clinic were collected and used to fit the interaction model:
Y = β₀ + β₁X₁ + β₂X₂ + β₃X₁X₂ + ε
Output from Microsoft Excel follows:
-Referring to Table 14-11,what is the experimental unit for this analysis?

• A)a clinic
• B)a client on a weight-loss program
• C)a month
• D)a morning,afternoon,or evening session

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Definitions:

Budget Constraint

The restriction on the range of goods and services a consumer can purchase, dictated by their earnings and the cost of these items.

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Budget Constraint

A budget constraint represents the limits on the consumption bundles that a consumer can afford, given the consumer's income and the prices of goods.