Use Computer Software to Obtain the Multiple Regression Equation

question 53

Multiple Choice

Use computer software to obtain the multiple regression equation. Use the estimated equation to find the predicted value.
-A study of food consumption in the country related the level of food consumed to an index of food prices and an index of personal disposable income. Next year, the income index number is expected to be 101.1, and the
Price index is expected to be 107.2. These numbers would indicate a predicted value for food consumption.

• A) 105.7
• B) 94.3
• C) 99.2
• D) 102.1

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Definitions:

87.5%

A numerical value representing 87.5 parts out of 100; often used in statistical or financial contexts.

Percent Reduction

The percentage by which a quantity is decreased, commonly used in sales and discount contexts.

Interest Rate

The percentage charged on a loan or earned through an investment, representing the cost or yield of capital.

25%

Represents a quarter or one-fourth of a total amount, often used to describe a portion, increase, or interest rate.