Question 6 This is a model fit for family's monthly spending on food conditional on monthly income. . Response: Monthly spending on food in dollars. So a 5 here represent $5. . Predictor: Annual income in thousands of dollars. So a 5 here represents $5,000. > m_ sum Call : Im(formula = foodexp ~ income, data = new_engel) Residuals : Min 1Q Median 3Q Max -622.00 -54.02 3.22 52.87 398.72 Coefficients: Estimate Std. Error t value Pr(>|t|) (Intercept) 91.00 15.52 5.863 ??? * * * income 1.00 0. 01 ???