Question

9. Consider a regression that tries to explain total expenditure on health care in state i using the total income in state i, where both variables are measured in millions of dollars. Your regression output can be partially summarized as follows: | | Coefficient | Standard error | | :--- | :--- | :--- | | Intercept | 0.250 | 2.000 | | Income | 0.500 | 0.100 | | R^2 | 0.411 | | What would this model predict for total expenditure on healthcare if the total income is 5 million dollars? a) 2.75 b) 275 c) 2.5 d) 250

          9. Consider a regression that tries to explain total expenditure on health care in state i using the total income in state i, where both variables are measured in millions of dollars. Your regression output can be partially summarized as follows:

| | Coefficient | Standard error |
| :--- | :--- | :--- |
| Intercept | 0.250 | 2.000 |
| Income | 0.500 | 0.100 |
| R^2 | 0.411 | |

What would this model predict for total expenditure on healthcare if the total income is 5 million dollars?
a) 2.75
b) 275
c) 2.5
d) 250

9. Consider a regression that tries to explain total expenditure on health care in state i using the total income in state i, where both variables are measured in millions of dollars. Your regression output can be partially summarized as follows:

| | Coefficient | Standard error |
| :— | :— | :— |
| Intercept | 0.250 | 2.000 |
| Income | 0.500 | 0.100 |
| R^2 | 0.411 | |

What would this model predict for total expenditure on healthcare if the total income is 5 million dollars?
a) 2.75
b) 275
c) 2.5
d) 250

Added by Nathaniel M.

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