The following regression model has been computed based on a sample of 70 observations of part-time workers. The regression equation that relates the number of hours worked (x) and the individual weekly income (y in 100 AED) is
Å· equals 35.4 plus 5.2 x
What does the intercept mean in this context?
Part-time workers who did not work at all are expected to earn a weekly income of 3540 AED.
The intercept has no meaning.
For every additional hour of work, the weekly income is expected to increase by 520 AED.
Part-time workers who did not work at all are expected to earn a weekly income of 35.4 AED.
