Abby Kratz,a Market Specialist at the Market Research Firm of Saez,Sikes,and

question 4

Multiple Choice

Abby Kratz,a market specialist at the market research firm of Saez,Sikes,and Spitz,is analyzing household budget data collected by her firm. Abby's dependent variable is weekly household expenditures on groceries (in $'s) ,and her independent variables are annual household income (in $1,000's) and household neighborhood (0 = suburban,1 = rural) . Regression analysis of the data yielded the following table. For a rural household with $90,000 annual income,Abby's model predicts weekly grocery expenditure of ________________.

• A) $156.19
• B) $224.98
• C) $444.62
• D) $141.36
• E) $175.86

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Definitions:

Past

The period of time or a segment of history that has already occurred, distinguished from the present and future.

Social-Responsibility Norm

A societal expectation that people will help those who are dependent upon them or in need of assistance.

Expectation

A belief or anticipation about the way events, behaviors, or things are supposed to be.

Help

Assistance or support given to someone else in order to alleviate their situation or solve a problem.