Refer to Exercise 16.15. Predict the food budget of a family whose household income is $60,000. Use a 90% confidence level.
Answer to relevant QuestionsRefer to Exercise 16.16. Predict with 95% confidence the monthly office rent in a city when the vacancy rate is 8%.Refer to Exercise 16.47. Number of days watching national news on television by 50-year-old people.Refer to Exercise 16.59. Income of someone with one child.Refer to Exercise 16.4.a. Calculate the residuals.b. Calculate the predicted values of y.c. Plot the residuals (on the vertical axis) and the predicted values of y.Refer to Exercise 16.13. Are the required conditions satisfied?
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