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In a relationship between income and expense, for every $1.00 increase in income a person spends $0.20. It is also established that even a person
In a relationship between income and expense, for every $1.00 increase in income a person spends $0.20. It is also established that even a person with no income spends $50. The relationship has a correlation coefficient of 0.74. A person with income of $1500 will spend how much? Question 29 options: a) $1,160 b) $1,490 c) None of the options d) $450 e) $350
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