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THE NEXT QUESTIONS ARE BASED ON THE FOLLOWING INFORMATION:
A researcher is interested in determining the monthly household expenditures on groceries.He models the relationship as follows: Y = β0 + β1X1 + β2X2 + β3X3 + ε,where Y is the monthly dollar value spent on groceries,X1 is the household's monthly income,X2 is the number of people living in the household,and X3 is a dummy variable = 1 if both the adults in the household work.Taking a sample of 250 households,the researcher gets the following results:
= 172.1 + 0.048x1 + 33.1x2 + 43.2x3.
-How should the researcher interpret the coefficient of the dummy variable?
Legal Relationship
A connection between individuals or entities that is recognized and governed by law.
Adoption
The legal process by which an individual or couple becomes the legal parents of a child who is not biologically theirs.
Anti-Aging Products
Cosmetics, medications, or procedures designed to delay, hide, or reverse the physical signs of the aging process.
Cosmetic Surgery
Surgical procedures aimed at enhancing or altering one's physical appearance for aesthetic reasons.
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