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Amount Charged ($) Income ($1000s) Household Size 4,016 54 3 3,159 30 2 5,100 32 4 4,742 50 5 1,864 31 2 4,070 55 2

"Amount Charged ($)" "Income ($1000s)" "Household Size"

4,016 54 3

3,159 30 2

5,100 32 4

4,742 50 5

1,864 31 2

4,070 55 2

2,731 37 1

3,348 40 2

4,764 66 4

4,110 51 3

4,208 25 3

4,219 48 4

2,477 27 1

2,514 33 2

4,214 65 3

4,965 63 4

4,412 42 6

2,448 21 2

2,995 44 1

4,171 37 5

5,678 62 6

3,623 21 3

5,301 55 7

3,020 42 2

4,828 41 7

5,573 54 6

2,583 30 1

3,866 48 2

3,586 34 5

5,037 67 4

3,605 50 2

5,345 67 5

5,370 55 6

3,890 52 2

4,705 62 3

4,157 64 2

3,579 22 3

3,890 29 4

2,972 39 2

3,121 35 1

4,183 39 4

3,730 54 3

4,127 23 6

2,921 27 2

4,603 26 7

4,273 61 2

3,067 30 2

3,074 22 4

4,820 46 5

5,149 66 4

Develop a multiple regression equation with annual income and household size as the independent variables. Estimate and report the estimated model. Discuss your findings.

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