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    Regression Analysis

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    Interpret the following:

    (a) Y = a + BX; Y = 3.5 + .7X, where Y = likelihood of buying a new car and X = total family income.

    (b) Y = a + BX; Y = 3.5 - .4X, where Y = likelihood of buying tickets to a rock concert and X = age.

    © BrainMass Inc. brainmass.com June 3, 2020, 10:54 pm ad1c9bdddf
    https://brainmass.com/statistics/regression-analysis/regression-analysis-255558

    Solution Summary

    The solution provides step by step method for the calculation of regression model . Formula for the calculation and Interpretations of the results are also included.

    $2.19

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