Question: Question 11 (5 points) Exhibit 2. A student used multiple regression analysis to study how family spending (Y) is influenced by income (X1), family size

 Question 11 (5 points) Exhibit 2. A student used multiple regression
analysis to study how family spending (Y) is influenced by income (X1),

Question 11 (5 points) Exhibit 2. A student used multiple regression analysis to study how family spending (Y) is influenced by income (X1), family size (X2), and additions to savings (X3). The variables Y, X1, and X3 are measured in thousands of dollars. The following results were obtained. ANOVA DF SS MS F Significance F Regression 3 45.9634 Residual 11 2.6218 Total t Stat P-Value Coefficients Standard Error Intercept 0.0136 Coefficients Standard Error t Stat P-Value Intercept 0.0136 X1 0.7992 0.074 X2 0.2280 0.190 1.2 0.20

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