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An estimated linear regression of annual fuel expenditures y on annual income x is represented as the following equation: y = 2,200 0.05x. Jim was
An estimated linear regression of annual fuel expenditures y on annual income x is represented as the following equation: y = 2,200 0.05x. Jim was offered a new job that would increase his salary by $2,000. What would be his potential increase in fuel costs? Based on this information, is the assumption of increased fuel cost against annual salary meaningful
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