Identify the INCORRECT Statement About the Effect of Marital Status

question 162

Multiple Choice

Identify the INCORRECT statement about the effect of marital status, age, and the age of any children in the family, on how people spend their income.

• A) Singles and young couples are more willing than older married people to try new products and brands.
• B) Younger people usually earn more than older consumers, but spend less on discretionary items.
• C) Only as children arrive and grow does family spending shift to soft goods and services.
• D) All of these statements are CORRECT.

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Definitions:

Linear Regression Equation

A mathematical equation that describes the linear relationship between two or more variables, typically one dependent and one or more independent variables.

Slope

The rate of change in one variable relative to a change in another variable, often used in the context of linear regression.

Intercept

The value of the dependent variable when all independent variables are zero in a regression model.

Y-Intercept

The point where a line crosses the y-axis of a graph, representing the value of y when x equals zero.