Consider the regression equation Y = 5 + 16X₁ + 38X₂ relating annual expenditures on a particular product Y to X₁ and X₂, where Which of the following is FALSE? The equation suggests A) An upper class person could be expected on the average to spend $38 per year more than a lower class person on the product. B) A middle class person could be expected on the average to spend $16 more per year on the product than a lower class person. C) A lower class person could be expected on the average to spend $5 per year on the product. D) An upper class person could be expected on the average to spend $22 more per year on the product than a middle class person. E) An upper class person could be expected on the average to spend $38 per year on the product.

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The Answer of Consider the regression equation Y = 5 + 16X₁ + 38X₂ relating annual expenditures on a particular product Y to X₁ and X₂, where Which of the following is FALSE? The equation suggests A) An upper class person could be expected on the average to spend $38 per year more than a lower class person on the product. B) A middle class person could be expected on the average to spend $16 more per year on the product than a lower class person. C) A lower class person could be expected on the average to spend $5 per year on the product. D) An upper class person could be expected on the average to spend $22 more per year on the product than a middle class person. E) An upper class person could be expected on the average to spend $38 per year on the product.

Consider the Regression Equation Y = 5 + 16X1

Consider the Regression Equation Y = 5 + 16X₁