Show transcribed image text 12.8 The following model was fitted to a sample of 30 fami- lies in order to explain household milk consumption: where yi = milk consumption, in quarts per week x,i = weekly income, in hundreds of dollars fa = family size The least squares estimates of the regression param- eters were as follows: bo=-0.025 b,-0.052 b2-1.14 a. Interpret the estimates by and b2 b. Is it possible to provide a meaningful interpretation of the estimate bo?
12.8 The following model was fitted to a sample of 30 fami- lies in order to explain household milk consumption: where yi = milk consumption, in quarts per week x,i = weekly income, in hundreds of dollars fa = family size The least squares estimates of the regression param- eters were as follows: bo=-0.025 b,-0.052 b2-1.14 a. Interpret the estimates by and b2 b. Is it possible to provide a meaningful interpretation of the estimate bo?
