HI6007 Statistics For Business Decisions - Tutorial Questions Assignment

Question 5: Week 11 Question 3, (7 Marks)

Dex Research Limited conducted a research to investigate consumer characteristics that can be used to predict the amount charged by credit card users. The following multiple regression output is based on a data collected by this research company on annual income, household size and annual credit card charges for a sample if 50 consumers.

1. Complete the missing entries from A to H in this output (4 marks)
2. Estimate the annual credit card charges for a three-person household with an annual income of $40,000. (2 marks)
3. Did the estimated regression equation provide a good fit to the data? Explain (1 mark)