subject
Mathematics, 13.10.2020 03:01 chell6170

A market researcher, having collected data on breakfast cereal expenditures by families with one, two, three, four, or five children living at home, plans to use an ordinary regression model to estimate the mean expenditures at each of these five family size levels. However, the researcher is undecided between fitting a linear or a quadratic regression model, and the data do not give clear evidence in favor of one model or the other. A colleague suggests: "For your purposes, you might simply use an ANOVA model." Is this a useful suggestion? Explain.

ansver
Answers: 1

Another question on Mathematics

question
Mathematics, 21.06.2019 14:50
Need to increase the numbers of customers i talk to daily by 20% how many customers do i need to talk to if i talk to a average of 8 customers per hour during an 8 hour shift
Answers: 2
question
Mathematics, 21.06.2019 17:30
What is the least common factor of 6 and 8
Answers: 2
question
Mathematics, 21.06.2019 18:30
41/17 as a decimal rounded to the nearest hundredth
Answers: 1
question
Mathematics, 21.06.2019 23:20
Which best describes a central bank's primary goals? limiting inflation and reducing unemployment reducing unemployment and maintaining cash flow controlling stagflation and reducing unemployment managing credit and ensuring the money supply's liquidity
Answers: 1
You know the right answer?
A market researcher, having collected data on breakfast cereal expenditures by families with one, tw...
Questions
question
Mathematics, 18.10.2019 23:30
question
Mathematics, 18.10.2019 23:30
question
History, 18.10.2019 23:30