Mathematics, 21.06.2020 02:57 loredobrooke5245
An online clothing retailer examined their transactional database to see if total yearly Purchases ($) were related to customers' Incomes ($). (You may assume that the assumptions and conditions for regression are met.) The least squares linear regression is shown.
Interpret the intercept in the linear model.
A. The intercept indicates that customer Income changes by $nothing for every $1increase in total yearly Purchase.
B. The intercept ofnothing indicates the predicted total yearly Purchase if a customer's Income was $0.
C. The intercept ofnothing is meaningless and should not be interpreted.
D. The intercept ofnothing indicates the customer Income if the predicted total yearly Purchase was $0.
Answers: 2
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An online clothing retailer examined their transactional database to see if total yearly Purchases (...
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