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Abby Kratz, a market specialist at the market research firm of Saez, Sikes, and Spitz, is analyzing household budget data collected by her firm. Abby's

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Abby Kratz, a market specialist at the market research firm of Saez, Sikes, and Spitz, is analyzing household budget data collected by her firm. Abby's dependent variable is monthly household expenditures on groceries (in $'s), and her independent variable is annual household income (in $1,000's). Regression analysis of the data yielded the following tables. Coefficients Standard Error * Statistic p-value Intercept 39.14942 22.30182 1.755436 0.109712 1.792312 0.407507 4.398234 0.001339 Source df SS MS F Se = 29.51443 Regression 1 16850.99 16850.99 19.34446 2 = 0.682478 Residual 9 7839.915 871.1017 Total 10 24690.91 For a household with $50,000 annual income, Abby's model predicts monthly grocery expenditures of O A. $150.35 O B. $50.35 O C. $1,959.29 O D. $128.65 O E. $1286.50

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