You are considering opening an Estonian cuisine restaurant and wonder how much people in your target community

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You are considering opening an Estonian cuisine restaurant and wonder how much people in your target community spend on eating out relative to their incomes. You commission a telephone survey and build the following regression model for individual respondents:

image text in transcribedwhere household income is in $1000’s.
Write an interpretation of this model.

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Business Statistics

ISBN: 9780321716095

2nd Edition

Authors: Norean D. Sharpe, Paul F. Velleman, David Bock, Norean Radke Sharpe

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