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| Topic: |
Business
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| Number of pages / Number of words: |
5 / 1283 |
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In other words, there is not a significant explanation for the variability of the amount charged with respect to a consumer's income. Ideally, we would like to explain most if not all of the original variability.
Household Size's relationship and strength of predictability for Annual Charges:
A model equation of Annual Charges = 404...
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The model indicates that for each additional person added to the household, Charges are expected to increase by $404.13, when the Annual Income is held constant. This model produces the following statistical evidence:
Model Summary of using Household to predict Charges
R R? Adjusted R? Std Error of Estimate
...
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