(39pt) Consumer Research Inc. is an independent agency that conducts research on

Question

(39pt) Consumer Research Inc. is an independent agency that conducts research on consumer attitude and behaviors for a variety of firms. In one study, a client asked for an investigation of consumer characteristics to explain the annual amount that credit card users charge on their accounts. Data collected on 50 credit card holders on explanatory variables income (in thousands of dollars), hauseh size and dependent variable credit card amount expressed in dollars are portrayed on scatter plots belo a. (2pt)Comment on the relationship of each explanatory variable to Credit card amount. IncemeinThavsands Househeldsie

Explanation / Answer

From scatter plot there is linear relation ship between income and credit card amount. Also there is linear relationship between househ size and credit card amount.

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