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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,in terms of the βs in the model,give the mean change in weight loss (Y) for every 1 month increase in time on the program (X1) when attending the morning session.
Expenses
The outflows or using up of assets as part of operations of a business to generate revenue.
Revenue
The total amount of money generated by the sale of goods or services related to a company's primary operations during a specific period.
Gains Or Losses
The financial results from selling assets or incurring liabilities, measured as the difference between the sale proceeds and the value recorded in accounts.
Property, Plant
Long-term tangible assets, such as land, buildings, and equipment, used in the operation of a business to generate income.
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