Interpret the following (a) Y^ = a + ?^X; Y^ = 3.5 + .7X, where Y^ = likelihood of buying new car a
Question: Interpret the following
(a) Y^ = a + β^X; Y^ = 3.5 + .7X, where Y^ = likelihood of buying new car and X = total family income. (NOTE – the ^ symbol, which is to the right of a letter, actually belongs over the letter to its left – I just can’t get it to display there).
(b) Y^ = a + β^X; Y^ = 3.5 - .4X, where Y^ = likelihood of buying tickets to a rock concert and X = age. (NOTE – the ^ symbol, which is to the right of a letter, actually belongs over the letter to its left – I just can’t get it to display there).
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See Answer: The solution file consists of 1 page
Deliverables: Word Document![](/images/msword.png)
Deliverables: Word Document
![](/images/msword.png)